AMEX:SPY   SPDR S&P 500 ETF TRUST
So many posts about I think the market is going to plunge tomorrow... actually, I think we see some upside here. The market has priced in a move in spy of $8.93 this week. The purple lines note that. We bounced almost right on target. This is one standard deviation out. Notice where the upside is. Why would you short now? because you feel thats the thing to do? Be patient. Notice what happens at the purple spot up top as well. There will be PLENTY of downside coming. More than the bulls could ever imagine in their short little lives. But for now, let the upside happen, its where billions of dollars are pricing in a move. The lower low and then lower lows will be plentiful. Months worth are on their way. But for now.. sit tight. Your chance to go short is coming.
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