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.


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