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StairsTrades

$SPY short trade. Is the party coming to a halt ??

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
StairsTrades  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns SPDR S&P 500 ETF (SPY) short
3
6
trendanalysis chartpattern spy short
SPY is at Trendline support here! But there is also a bearish wedge forming ! If the price breaks the wedge to downside..

What's the trade here ? #RedDevilTrades
- Short SPY if 380-379 support breaks
- Cover 25% at 368-369 zone
- Cover 50% at 356-358 zone
- Cover rest at 328-330 zone.

For the market's sake & our 401Ks let's hope it doesn't come to 330. But we should trade the charts not
what we hope for.
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