SPDR S&P 500 (SPY): One year chart says we are heading for a...

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Sunday, 11/15/2015 7:17:54 PM

Sunday, November 15, 2015 7:17:54 PM

One year chart says we are heading for a correction. Once again the market is one step ahead of the news. Funny how that works. Remember the funny business in the market's just before 911?

August/September were normal corrections. Then the shorts covered and covered. Market had no good reason to be up. I bought 2 bear positions on the S&P after pulling down 26 and 13 % profits in Aug/Sept shorting. The third position I bought is for a black Swan event. The fourth is because of technicals on the 1 year chart. Christmas shopping season gonna suck. More attacks coming.

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