SPDR S&P 500 ETF TRUST
Short
Updated

SPY - Short Idea

582
I know most are optimistic about the market, and they would see it going to the moon.. I hope for it. But I dont see that happening right away.

I make decisions based on:
- What the data/charts show
- My trade plan

Again, its all about probabilities, and I am giving it a higher probability for a dive down, at least monetarily. Until it proves me wrong, thats my plan.

Best trades are hard to execute
Your sleep is dependant on how much you risk ;)


End of Feb expiry #options

Good luck!
Note
Price broke the previous highs and slightly went above to collect the liquidity. There is a lot of money sitting at these levels. Everything is still according to plan. Until proven otherwise, I can see it going for a dive lower.
Trade closed: stop reached
Expired worthless

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.