Thursday, September 3, 2015

Sept 3 - Short SPY set up

After gap fill, we have drifted down to even in SPY.  Going short on the gap fill would have been a decent play as it was closer to the top of the range.  Also have a buy signal on VIX.  I wouldn't get too crazy here short though, the big higher probability play is on if we get a retest of lows to go long.

SPY currently printing a low volume reversal candle but need to see how we close.

 Weak sell signal on the stochs.
 VIX buy signal on stochs/ CCI

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