Small Short

I have taken a small SPY short for a trade in the pre-market based on my belief outlined in the opener that the upside is limited in the coming days.

2 comments:

Anonymous said...

What are chances or intra day reversal? Market Owl has a great point about algo and quants being all over this pattern of gap up and go. Do you think the additional supply can counter this?

Tsachy Mishal said...

I believe it should at least minimize the gains and set us up for a sell the news reaction tomorrow.