Plunger Alert: SPY IVV

Well we shorted a full position of SPY today at 139.15. Around 3:30 I noticed the market running up into the close with a yawn, it was just some day traders and shorts closing shop for the day. They will be back in the morning what will attract longs into this market I quipped? How about a rate cut. Yea I think that will do it for a little while anyway. The S&P500 is in a powerful downtrend with a technical bounce past due. But don't mistake a technical bounce for a change in trend. The bounce is trade able and we will be in, but don’t get stopped out of the short position on SPY. Instead we will take a full position (long) in IVV tomorrow morning and ride it holding on to the short SPY position. Just stay long IVV above 140 and no worries- You CAN'T lose.