RE:SPY heading downwardAuctioneer wrote: We are long overdue for SPY consolidation/correction in my view, and it seems we are heading in that direction. That could bring some negative pressure on the stock price. There is no reason to think it will be an all-out dump at this point since we have consolidated nicely over the last number of days, but never say never in the sector. Must hold 8.70, in my view, if we do drop off.
I'm using SDS to hedge - scaling into a position. I'm not comfortable with SPXS.