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SPDR S&P 500 ETF TRUST
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Spy/Spx 500 update

By the_sunship
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Still think this is a bull trap, waiting for confirmation. Quite a convincing show so far.
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snapshot
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Possible one more higher high to the trendline again snapshot
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One more tiny wave up and that should be it snapshot
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snapshot Better count
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Channel could be in play for the ending wave snapshot
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Possibly done now snapshot
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snapshot that may be it, note the spike up at the end to stops shorts out
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snapshot Another channel if they want to close at the highs first.
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Another possibility snapshot
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Final count, if this doesn't work, I stop out. Let's see! snapshot
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Close up view - could spike through upper trendline. snapshot
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Could be it, let's see snapshot
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Final short squeeze. I am out of the trade. I will reenter if I see any downside confirmation. Good luck, the trade idea is closed....

snapshot
SPDR S&P 500 ETF (SPY) spyshortTrend Analysis
the_sunship

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