SPY - SPDR S&P500 ETF - Daily - Confirming Sell Signal
Still not much fear yet and the market is close to accelerating down if the trading range can expand beyond yesterday's 1.89 point range (208.25 close Monday - 206.36 low Tuesday).
Opportunities to sell short against the middle of today's range around 205.30-205.50.
Look for acceleration down if we get below the 203.50 level...
Look for a bounce at 201-201.50 to respect the 200 day moving average (note I did the average of the "open", not the "close").
Tim 205.01 last SPY 10:16AM EST 4/1/2015
Opportunities to sell short against the middle of today's range around 205.30-205.50.
Look for acceleration down if we get below the 203.50 level...
Look for a bounce at 201-201.50 to respect the 200 day moving average (note I did the average of the "open", not the "close").
Tim 205.01 last SPY 10:16AM EST 4/1/2015
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