SPDR S&P 500 (SPY)

[Agoura Guy]

WHAT ARE YOU TALKING ABOUT??? SPY HAS BEEN RANGE BOUND FOR THE PAST YEAR AND IS STILL LOWER THAN IT WAS A YEAR AGO!!!!!

THERE HAVE BEEN MULTIPLE CYCLES TO TRADE IT IN BOTH DIRECTIONS. JUST LAST MONTH SPY HIT A LOW OF $380 AND HAS SINCE BOUNCED UP TO ITS RESISTANCE LEVELS, ANOTHER OPPORTUNITY TO SHORT.

DO YOU REALLY THINK SHORTS NEVER TRADE THEIR POSITIONS???????

I TOOK ADVANTAGE OF THE MID MARCH VOLATILITY TO CLOSE OUT MY MARCH PUTS AND HAVE SINCE OPENED NEW POSITIONS DURING THIS BOUNCE. I WILL KEEP ADDING IF THE BOUNCE CONTINUES, AND IF IT ROLLS OVER I WILL PLAN MY NEXT EXIT.

LAST MONTH I SAID I WOULD WAIT UNTIL SPY $405-410 TO RE-SHORT SO THE MARKET IS JUST ABOVE THE TARGET I EXPECTED.

ITS NOT THAT COMPLICATED!!!!!!