UPDATE: S&P500 Short
If you missed it, we sold five S&P500 e-minis at 2582 into the close. The Doji like daily candlesticks over the past few trading sessions was our sell signal. Note Doji’s have been the closest to ringing a bell at the short-term top in this correction. It’s worth a bet, in our book.
Moving Up Stop
They are ramping ’em in the overnight session and our position is now 13 points underwater. In haste, we put in a stop in at 2602 but now moving it up to 2604. Not a good habit to move stops when a position is moving against you but we will take a waiver on this one.
Note also the stop is pretty tight (less than 1 percent) for a 19 VIX.
Retail Traders And SPY
For those who don’t trade futures or have no account, a short can be executed in the S&P ETF, SPY.
Many like to play in the inverse S&P ETFs, and some even provide double and triple leverage – such as SDS, and SPXU. Only for professionals looking for a quick levered cash trade, in our opinion, and then tread carefully as these beasts behave squirrelly and should be used only for day trades.
If you didn’t get your short off at today’s close and the overnight gains hold, consider yourself lucky for a higher entry in the morning.
Stop on the SPY short is 260.25
Source: https://macromon.wordpress.com/2019/01/14/update-sp500-short/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).