ETF CORNER

SPY : Mini bounce ?

SPY : All in.

I shorted the last 50% at SPY $114.75 a few moments ago. My average price now is $112.85. I think the upside is now limited to $116 with downside potential to $95 in coming months. 

 

 

SPY : It's Red !!!

The fake breakout that I talked about in this previous post (Click Here) is following the red scenario. I'm gonna wait patiently until this yellow area between SPY$115 and SPY $116 is partially filled in order to get 100% short. Still waiting to pull that trigger. More post to come after the opening bell. Stay tuned !

 

SPY : Keeping it simple !

What most readers of ETC Corner like about my blog is that it's clear and simple to understand. I don't use too many indicators and get straigth to the point ! Regarding my short strategy on the SPY, I still believe that we will ultimately break below SPY $101 in the near future. However, how we will get there remain to be seen. What I intend to do is the following :

I am already 50% short at SPY $110.90 as shown by the red arrow. 

What I'm going to do forward is very simple. 

A) If we get near the yellow area near SPY $115-$116 then I'll pull the trigger without hesitation on the 50% cash remaining.

B) If we close below SPY $110 before getting to that yellow area, I will pull the short trigger on the SPY. That would also mean that we will not see SPY$115-$116 !