SPY The SPY 120 Minute (Short-term) Trading Model is flashing a new Sell Signal this morning. As you can see from the chart, the last three Sells were all spot on for short-term moves down in the larger down trend pattern. This one has bigger potential, Wave 3 potential, with SPY fast approaching another Key Level support. If that goes, it's 360-340, minimum. SPY 120 Minute Trading Model SPY Short-Term Sell Signal This is an optional position for any account that may be underrepresented on the short side. The two tables below are filled with index ETF puts and this SPY recommendation is more of the same. Individual choice. Nonetheless, a Sell is a Sell. Option: SPY Apr 21st $380P (5.30-5.35) Target by Expiration: SPY < $360; $380P 20+ Stop 50% Trailing VIX An aggressive targeting of 30-35-40 before April 19th expiration. Triple digits thereafter. Recent Option Positions PRO Service Premium Service
