SPY is going to the moon. Not.

2013년 5월 21일

I know the bears has been having a hard time in the bull market like this when every sell off becomes a dip to buy. Whatsoever, it's so too late to turn bullish now on the SPY. I'll stick to my system to at least waiting the price to complete the topping pattern in the SPY.

161.8% 167.79 is very big resistance now, even though everybody is calling the sky is the limit for the SPY, that's the sentiment I need to hear to go short. Even though I know that the market will take times in making big correction from this level, 167-168 is gonna be my level to add more short. I'll take risk if this goes to 170.07

Target: 162.67

I trade options so if this expired worthless I'll just sit and wait for halloween lol.