Few days of chop?
Updated
Few days of sideways? There is not much left here to the upside and a TON to the downside. Remember, the market can drop 40%+ and overall, the market is still doing great. I would not rule out some sideways on SPY.. upside? minimal. If I traded spy, I would have no problem shorting shares here. Well, I do trade QQQ and am short and I am not even checking on it. Its kind of an investment, to the downside. I got in at the top and just cant be bothered putting in the effort. Its tucked away until we hit the bottom and I know where that is that I am looking for.. so "whenever it gets there" is when I will cover. Anyway... SPY sideways for a bit or what? I think thats possible or do we head down with a vengeance? I could see some chop and then we drop. Kind of like Ford. Shorted that at the top, same thing... its tucked away, not a trade.. more of an investment to the bottom is in. I expect ford to go sideways for a bit before it drops. Good luck guys. And the bulls, you really need to wake up thinking this is still a bull market. I see some mighty, no offense, dumb posts out there. Good luck guys! Enjoy the rest of your week.
Note
WIll post an update... I need to stop smiling with my FB play today... lol... Short is the only way to be in the market and its playing out just as expected. New post coming in a few
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.