Before The Bell-SPY UPDATE FEB 9th

CNBC Feb 9th:
Bank of England Holds Rate, Boosts Quantitative Easing

Good News:
The VIX has moved higher last two days, despite the market moving higher. The massive increase in volume into this product and the higher move on up days at least shows traders are getting nervous.

SPY Timing:
We are 1 day past the 180 time cycle from August lows. (Still got my fingers crossed)
We move into the 135 time frame, from October low, the week of Feb 17-25th.
Next timing top opportunity will be week of March 9, or 90 days from December low.

SPY Price:
Noted on chart are SQ of 9 calculations from SPY 132. We are at the 1st resistance 135.07, lets see if that holds. (Cross Fingers)

Positions:
I currently am in TVIX and cash. New positions will be short side, such as PNRA presented on Twitter yesterday, or 1 day swing trades for longs.

Everything happens after the bell, thus I don't want big exposure to any high octane longs into the close. We are too high, too far, too fast; not worth the risk.

Tim Kathlina