Tuesday, September 16, 2014

Sept 16 - Tues recap - blast off!

Very decisive bullish action with volume to match in SPY, DIA.  QQQ made yesterday's action look like a bear trap.  Was busy at work this morning so missed the big move up and probably wouldn't have been able to hop on the runaway train after it pulled a bull flag in the early part of the session (which I unwisely decided to short w minimal gain).

While encouraged by today's action, was hoping for a convergence between oversold conditions and the FOMC announcement.  Tomorrow looking for a retrace to SPY in 200.0 zone for 1/3 pullback and go long.








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