A diary of the thought process behind my investment decisions
Shorting The SPY
I shorted the SPY this morning at roughly $121. For the past few weeks sentiment has refused to go to a bullish extreme as many were looking for a "sell the news" reaction to the Fed. Now that the Fed decision has come and gone it seems those who were looking for a pullback are throwing in the towel, meaning we will finally reach a bullish extreme. My short position is small and I have plenty of room to add.