But I think when I do see the opportunity I'd prefer to use something like SPXU (3x leveraged short SPX ETF) or even a 2x leveraged or just short SPY, the point is the puts I think over the longer haul will be difficult to manage as I think we will see some sharp corrections.
Here's why I'm holding off on SPY short positions
3 min intraday positive
5 min positive
Here's why I want to be short eventually-30 min leading negative.
So it looks like the SPY will bounce a bit, maybe back up to the 142 area or so, I don't think you can really go wrong shorting it at 142 or even add to that a bit above, this 30 min chart should be the final word on direction.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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