Tuesday, September 22, 2015

Sept 22 - Closed SPY short...for the moment

Selling power was very weak here and will look to reshort on potential bounces.  I could be overmanaging this position but I don't like the reversal candles popping up and lack of participation.
If we bounce, could just be a one day thing.  I'm still bearish for the intermediate and long term.

We are getting positive divergence on the CCI on the hourly

Sell signal still in play but still possible to get a bounce tomorrow.

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