Friday, October 30, 2015

Oct 30 - Short SPY

Not expecting a big move down but some settling next week.  We have retrace the whole move down from August today.

100% retrace

Negative divergence on hourly.  Nothing terribly scary but does look a pullback is due soon even if it only a few days

Red sell bars beginning to appear here.  Thing is they often appear before the move down or up occurs.

No comments:

Feb 17 - Large short position now

Very bearish now and looking for a retest of lows in 2-3 weeks.  I have puts in SPY, AAPL, GOOS, and GLD.  Calls in RIG  every major dro...