Monday, August 3, 2015

Aug 3 - Limited follow through on selling

Exited SPY short on the spike up out the bear flag that was forming on the 5 min.   Now printing exhaustion candle on VIX so things could go either way.
The long wick and low volume not ideal for follow through selling tomorrow.

A buy signal on CCI RSI but not robust but enough to present risk to short positions

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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