The SPDR S&P 500 Trust (NYSEARCA:SPY) has been on a multi year run, and every dip has been seen as an opportunity to enter back into the markets. However, this time around it might be different. on the SPDR S&P 500 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 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 Index, known as the VIX is on the verge of triggering a major out, or what many like to call an 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 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 equals profits for educated technical traders. The 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 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.