Replies to post #380169 on SPDR S&P 500 (SPY)

[gumbie05]

Looking to add some more to my overall short position at this morning’s gap up but also keeping my eyes on the DXY as it has completely reversed yesterday’s up move and is now heading towards the downside again. That’s the main rocket fuel here for the market’s liquidity so if the trajectory is still towards 100 (or lower) then who knows how high this pump in the markets will go. Nonetheless the scaling into my short position has been slow and steady but painful at the same time but this is a multi month trade and not for the faint hearted as in 2000, 2008, 2012 and early last year….We’ll see

- JMHO