SPDR S&P 500 (SPY): We made new low for 2018 today. Previou...

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Monday, 12/17/2018 2:05:20 PM

Monday, December 17, 2018 2:05:20 PM

We made new low for 2018 today.
Previous lows has ghost spike on chart.
We are in a rotational bear market.
Bear market rallies are sharp and short duration.
Big boys signalling on media they want more down.
Are they really going to take it down to trump rally start? Investor who are passive investors are not pinking so vix is stubbornly in narrow range.
One thing will give up investors or vix.
I will trade long side once we are above above EMA 22 on 30 min Chart. R/R on short side IMOP is limited until I am super accurate which I am not, (I am not at this moment), Stay happy trade happy.
They need to move the needle before triple witch otherwise a crash is imminent.I think they will move it up to 269 271 area.
Farooq

Farooq
This post is for educational and amusement purposes only, and is not to be interpreted as trading advice. Consult your financial adviser before placing any trade.

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