I think we have reached a point where we will be seeing a roll over of the s&p. My instinct tells me that QE has run it's course and it's time for valuations to work towards normalization. I am short a half a position in spy's and will short another half position if there is new buying in january that pushes the s&p to breakout.
I was a proprietary trader for fifteen years and left three years ago after having enough of the QE nonsense. I have waited patiently and feel that we are close to a point of increased volatility which enhances chances of profitability.
I look forward to conversing with fellow traders.
I was a proprietary trader for fifteen years and left three years ago after having enough of the QE nonsense. I have waited patiently and feel that we are close to a point of increased volatility which enhances chances of profitability.
I look forward to conversing with fellow traders.
shorting spy's on rallies
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