Short

After weeks rest the SPY short hunt is back on

Updated

The last 2 days low line can just be dragged up and put back live. We do have a bit of excess and that is all a top needs. but we are still firmly in a up move.
the close is inside the megaphone bottom and also a distribution low so next week will provide tons of info.
Will be using the "break of the 2 day low" I will be starting small and see if I build a sizable short.
Time will let me know.

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looks like if internals are negative the first level of puts will trigger.

This trade will be the last work I will be publishing, hope some of you gained some incite and good luck to all.

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I will post short triggered after a few more events complete. Yes I could take a small put position today. HOWEVER PLEASE! I can see SPY 560 area also.

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I did NOT buy puts, the entire M7, stocks where positive strong and i didn't want to short into that strength.

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That 560 got hit maybe we can go out hunting for the short again.

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565 it is looking like before anything. I'll respond to what comes.

alleytrader

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