Thursday, October 2, 2014

Oct 2 - Oversold but still potential to go down

Daily frame we are oversold but on the 30/60 min frames we are closer to neutral so anything could happen.  We could get a bounce tomorrow but the morning could 'fade' the close like it has so many times.  Ideal set up would be to rise a bit, run out of gas, then collapse into the 190 SPY range.

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July 11 - GLD sucks

stopped out of GLD yesterday for -25%.  Holding off on reentry and maybe will enter if we drop another level. SPY on the other hand is crus...