Major Levels Coming Into Play

The S&P500 ETF called the SPY is coming into a major and very significant region. This level will the denoted with two resistance levels. They way to play this area will be to look for the initial short play off the first level - take profits, then look for a possible short off the second level - again take profits. Now you will look for the SPY to close above these levels, at that point we WILL go long and the markets WILL go higher. But remember, you need the markets to break above this VERY key level, if we break above you GO LONG, but the first hit of this resistance area is a very high probability short play. Here are your levels to know:


SPY VERY IMPORTANT AREA is between $111.75 (which is the first shorting level at the 200ma) and the neckline of the inverse head & shoulder on the daily SPY chart at $113.15 (second short level). Remember, these areas will present a great short on the first touch of the levels, then if the markets move above the levels it will be time to reverse and make a lot of money going long.


As traders we must let the markets come to us, DO NOT force anything or you will loose. All you need to do is know and understand the important areas which the big boys keep on their radar and act on them alone. Please understand, people teach all of these technical patters, tools, etc etc, only to make money selling them to people who do not and will not make money using them. What you need to do is learn the tactics of those who manage the wealth of the world, and simply take a small piece off the pie. Your life will not only be much more relaxing, you will make more money then you ever imagined.