Short the market soon - Stocks are overbought

Hello traders,

If you are a buy and hold investor leave now. Those of you who like to make short term trades are welcome here. The market is overbought and is going to correct very soon. I will be shorting the SPY shortly.

Here is the charting: The SPY is above the top BB. RSI is above 60. MACD line is under signal. These technicals are all bearish. We are also struggling to overcome a key resistance level around 208. Markets will fall, so why not profit during it?

Here are my current gains since January 27th 2016: http://ift.tt/1SmzRGl

*That is nearly 17% gain vs 9.5% SPY gain.

Can also follow me on Twitter I tweet as I make every trade. https://twitter.com/DayTradingGod

Leave any comments below concerning where you think the U.S. stock market is going from here.

Submitted April 18, 2016 at 07:30AM by DayTradingGod http://ift.tt/1SmOn0W