Things are looking pretty good so far on the SPY short front

If you followed along in my post from yesterday, you may recall that I mentioned shorting SPY.

You could either buy a couple month out puts, buy the SPY inverse ETF, or try and short the SPY shares outright if you are able.

So far, the trade is working out as hoped...

Check it out:

(Source: https://stockcharts.com/h-sc/ui)

Good start...

We got a nice big red day in the markets today, with the S&P 500 down about 3% on the day.

Which may not sound like much if you are used to following bitcoin and altcoins, but in the world of stocks a 3% drop is a rather decent sized move down.

We still need a quite a few more days like today to ultimately get to my target, but this was a good start.

Still looking for that gap to fill that is highlighted in the chart above at a minimum, which is about 10% lower than current prices.

Did you participate at all in this trade, and if so what did you buy/short?

Stay informed my friends.

-Doc