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.

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