I scaled in starting at $109.78. I am now Fully Short after SPY confirmed below $109.60. Avg price of my short position is $109.68. Looking for target in the low $109s. Keep in mind though, if SPY can break $109 or specifically $108.75, it should fall hard, so I am going to give myself a chance to hold on to this trade.
However, the Pattern Play is still in effect and if it continues, we'll bounce off the $109 base and head back up come Monday.
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