Not too late, thanks. Those were suggestions for us “bleeding” shorts, right? I believe it did reach 2720 after your post (and I did take some profits there). But it failed to keep below 2800 and did in fact reach 2860 early morning pre-market. When do you suggest we start loading up on longs?

If SPY fails to keep below 2800 and turns there, 2855/2860 is where I would put the stop. If SPY stays below 2800, then I would target 2720 for a profit. Unfortunately, I realize that this message might have come too late. Hopefully not.

What did you mean here? If I were you, I would put a stop at 2855/60 because 2800 could prove to be a tough level to beat. Otherwise, just take the profit at 2720/2725.

Ah, the stock market goes down two days in a row (just like I told you 3 hours before that happened), putting the SPY trade “only” 2.5% in a hole and Randy posts 10 times more messages than in the previous 2 weeks combines, while the bleeding “shorts” found their voice. Never mind the fact that I have called the long trend at the right time, as well as this drop, at the time when Randy was hiding and people were threatening to close their accounts for lack of updates. That is character! And this is sarcasm LOL
Good thing I’m making money from my trades and not from the ethical fuel of this forum. No worries, I have already told you when this move will turn to the upside and I will remind you again when the time comes. If I were you, I would put a stop at 2855/60 because 2800 could prove to be a tough level to beat. Otherwise, just take the profit at 2720/2725.

Have you switched back to a short or do you still see potential positive divergences?

That’s the question on my mind as well. My gut is that 279 holds for now and they park it somewhere around 281-284…if they feed the bear more than 150 handles in two days…we’re off to the races on the downside and I’ll send Randy some flowers for sticking to his guns :-))

Thank you Randy. I like the way you set up a trade. if it works out not is secondary, but, it def has a sound plan with entries, exists, and bit of patience :)

thanks Randy