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On The Brink Of A Collapse, SPDR S&P 500 ETF Trust (NYSEARCA:SPY

INDEX:VIX   CBOE Volatility Index
27 0 0
Since the high put in place on, September 19th, in the SPDR S&P 500             ETF Trust (NYSEARCA:SPY) the markets have been declining steadily. This move lower was not much of a surprise to those in the know; many signs where alerting of this decline. For example, the much anticipated and over hyped IPO             of Alibaba Group Holding Ltd (NYSE:BABA). In history, IPOs of similar nature have often marked significant market tops. There were also many technical reasons and we took full advantage of them; our Yahoo! Inc.(NASDAQ:YHOO) position was closed for gains of over 10% and another position on the PowerShares QQQ Trust             , Series 1 ( ETF ) (NASDAQ:QQQ) for gains of over 10%. These quick and easy gains are just the tip of the iceberg in a market like we are in right now.

The SPDR S&P 500             ETF Trust (NYSEARCA:SPY) has been on a multi year bull run, and every dip has been seen as an opportunity to enter back into the markets. However, this time around it might be different. Volume on the SPDR S&P 500             ETF Trust (NYSEARCA:SPY) has been increasing as selling intensifies. This indicates that institutions can no longer wait to slowly feed the small retail investors any more shares of stock , as they have been doing over the last few months. With the high levels of complacency, there are not too many bears in the markets and a lack of short sellers to cushion the markets as they fall by covering short positions. The SPDR S&P 500             ETF Trust (NYSEARCA:SPY), while into minor support at the moment, is on the verge of a major collapse and the possibility of another flash crash.

The Volatility Index , known as the VIX             is on the verge of triggering a major trend line break out, or what many like to call an Inverse Head and Shoulders pattern as seen in the chart below. Should this pattern trigger, the VIX             could move in a hurry north of 24 triggering multiple patterns in bigger time frames. This only means that the SPDR S&P 500             ETF Trust (NYSEARCA:SPY) could fall much lower, and much faster than many expect during the month of October. We have already positioned our members in many trades that are nicely in the money, we will continue to navigate these markets making money both on the long and short side as volatility equals profits for educated technical traders. The bull market that lifted all boats over the past few years might be coming to an end. Trade with us at the Elite Round Table as we analyze the SPDR S&P 500             ETF Trust (NYSEARCA:SPY) on a daily basis and look for the best chart set ups to positions ourselves and our member on the right side of the trade.

Since the market top on September 19th, we at the Elite Round Table, have netted profits of over 30% for our members and continue to gain. Do not miss out become an active manager of your own financial future and profit with real professional traders - enter the Elite Round Table here and get today's trades now.
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