SPDR S&P 500 (SPY)

[spartex]

I am starting to understand this casino trading pattern imiloa.....and hope to profit from it, as well as being more careful going forward with long entry.

With earning season coming to a close, BOJ adding negative rate easing, Draghi saying he will ease further, China doing only what China can do, and US having slightly weaker Q4 GDP putting a muzzle on Fed, we should be in good shape for a further rebound.

I remember hearing someone on bloomberg or CNBC saying the smarter time to go short is at around SPY 207. That's when I would certainly plan to exit the long stage and take cover..or earlier as necessary.