Wednesday, August 19, 2015

Aug 19 - Inside candle bullish set up fails

Yesterday's potential set up totally failed but looks like we have an hourly buy signal on SPY.  As things are whipsawing like crazy I wouldn't trust the signal for more than a quick bounce if it materializes.

VIX is dropping and may have hit a short term peak since we are heading into OPEX.


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Jan 20 - Equities caution signal, short SPY, NFLX

Call buying has come back and very good chance of a pullback here