Scaling into SPY shorts

    Posted by windyjazz on 26th of Aug 2011 at 01:25 pm

    Most of the inverse etfs have popped out of falling wedges and may be in the process of retesting that breakout in terms of price. Chartboy do you see a scale into a short of the SPY holding over the weekend? Perhaps one more push then a EOD sell into the weekend? I hate to bring in anything but technicals but Legarde and Trichet are in JH. Who know's what they could say! I am trying to evaluate the next move in the pattern that we are seeing today and what would be a trigger short.

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