SPY short hunt is back on

8 Jun

I will set an alert at the low of the last two days. At that point of the days internals look soft I will take a beginner level starter put position. The intent is to risk a small amount of $ to try and catch a day trade that I even still want to hold by the end of the day.

Alert at 532.50

11 Jun

Catatan

The level mentioned was breached for a few moments. It did not trigger any action, the internal info was not favoring a down move so sat on hands.

11 Jun

Catatan

I am going to look like an idiot before i even end up entering a trade, just trying to locate the stag called a short.

12 Jun

Catatan

Reset the hunt, went home empty again, no shots fired.
This last group of publishing s should show you I can be bearish leaning, and not get killed or even slightly wounded. I was up to 8 points why top might have been in, the price action keep me sidelined. The topping formation check list will reset at 0 today.