Sunday, October 5, 2014

Oct 5 - Intermediate longs but short term overbought

As of now, sitting long via SPY 197 call Oct 31 at 2.62.  Intermediate term looks good even though there was no preferred retest of lows.  Short term, lots of bearish situations closing at trendline resistance.  Daily time-frames trump 60 min frames however.  Short term bearishness can be negated by another strong move up.

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