Feeding off of pain and euphoria. Find me on Twitter @greenlander1
Thursday, July 16, 2015
July 16 - Inflection point in SPY
Still holding the puts from yesterday and waiting to see how we close. We are right at resistance in SPY. QQQ has broken out but DIA is printing a reversal candle and VIX is retesting a low where it has always bounced back up. Potential sell signal on the daily coming close to appearing.
SPY 2 hr hitting the upper end of RSI which has triggered sell offs without fail in the past 4 months.