Critical Juncture

Critical Juncture

Ok SPY is at a critical juncture: SPY is near resistance from trendline A (the downtrend line that defines the stock market pullback from April 2010 highs). Also SPY is backtesting today's uptrend line (B). I believe this is the optimum place to short. I have been picking up a ton of put spreads a few dated in July, mostly dated for August.

LOADING
(optional)
(optional)
Copyright 2009. All Rights Reserved.   Site Map
Disclaimer: All content on spychart.net is intended for recreational purposes only. Consult a licensed financial planner before making any decisions with financial ramifications. The author is not liable for any financial, mental, physical, or spiritual loss or damage incurred by the reader.