t0m20

Spy Short till 266.70

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
SPY
Once spy hits 266.7 I will Take some profit. If spy cannot break 266.7 the previous resistance level I will sell my shorts. If it does break 266.7 I will hold till 264 the 50% Fibonacci retracement level or 262 the previous support.
If spy does not break 266.7 then I will wait for it to retest this level and be bullish till 273.4 the previous high. I will take some profit here then if it keeps going up I will hold till 280 a major resistance level.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.