S&P 500 IndexShort
Kiss of Death -- Short SPY
Kiss of Death trade entered Short SPY
Facts of the Case:
1. Broke out of Ascending Wedge Pattern
2. Retested wedge and failed
3. Broke and retested 50 MA and invalidated bull breakout
4. Confirmed new upward bounds of new channel
5. Broke bull tradition of rallying on unemployment report Thursday
6. I'm getting my buns ready for bull burgers for dinner. Enjoy.
Will be selling in tranches on the way down to secure profits.
Facts of the Case:
1. Broke out of Ascending Wedge Pattern
2. Retested wedge and failed
3. Broke and retested 50 MA and invalidated bull breakout
4. Confirmed new upward bounds of new channel
5. Broke bull tradition of rallying on unemployment report Thursday
6. I'm getting my buns ready for bull burgers for dinner. Enjoy.
Will be selling in tranches on the way down to secure profits.
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