Feeding off of pain and euphoria. Find me on Twitter @greenlander1
Monday, August 10, 2015
Aug 10 - Short SPY
I could be a bit early going short but today smelled like nothing more than a short squeeze. Volume was very weak considering the size of the move. I was originally planning on holding but it got close enough to my target and was weary of how we did not trend cleanly.
Not a perfect sell signal on SPY but stochs and CCI have triggered falls on the last 2 signals.
Very weak volume, even more so for such a strong move price wise.
Very close to where VIX has bounced and equities have reversed. I didn't want to miss a potential gap down so I felt we were close enough to the reversal level.