Tuesday, October 13, 2015

Oct 13 - Short SPY

Seeing negative divergence on the 1 hr frame, buy signal on VIX daily and sell on SPY daily.  It might take a bit for price to confirm more clearly but VIX spiking has tilted things more bearish.  upon confirmation, will add to position as still possible we melt up.  Starting with 50% position.

TRAN issuing sell signal and weak price action today.

First down day in a week for SPY but things might rebound by close.

VIX looks like a buy here.

Negative divergence, to be seen whether it plays out.  But price is struggling somewhat.

SPY still in uptrend and will need decisive break below channel for shorts.

3 comments:

some0ne said...

You don't think we test 204 in near future?

Greenlander said...

Not sure but as of now I am short

Greenlander said...

I was thinking we were gonna hit 204-205 for sure but looks like maybe out of gas. Who knows maybe this is a fake out.