SPDR S&P 500 ETF TRUST
Short

SPY- Might be a Shark pattern

161
Careful! I'm keeping my puts from yesterday. Might be more downside than calculated. Yesterday we were looking for a pullback into 263 zone, but it might be a deeper shark pattern. Today it is just "hanging" above yesterdays target. It might continue to consolidate more and then suddenly drop to low levels shown by the shark pattern, completing wave B. If this happens (buy zone) we will then get very bullish and buy . This would be the second attempt towards the 275+ zone

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