Watching the intraday 10-minute chart of the SPY, I can't hope but to short the dang thing @ $110.40. If we can manage to get there today with the 200-MA sloping into it at the same time...it will be the easiest scalping opportunity!
I'm scalping off of the 200-MA
Is this the start of a long term bear market?
ReplyDeleteFredrik L,
ReplyDeleteIt is tough to say but I would think if we break the weekly 50-SMA on the SPY then yes. But we have a long way before we get there. I am expecting violent bounces at SPY $104 and $102.
Good luck with your trading!