Monday, October 5, 2015

Oct 5 - Super overbought

My gut is that there is a quick maybe 1 day pullback to rope in shorts and then back off to the races.  The 30 min, 1hr, 2hr frames all super overbought but we could easily grind up higher without stopping.


some0ne said...

Agreed, where to you think the top is?

Greenlander said...

If we get a pullback I have no idea how deep it will be but I am guessing maybe a retest of broken support at 204 in SPY once things stabilize. Tough to say as we run into these setups once very few years at most.

July 11 - GLD sucks

stopped out of GLD yesterday for -25%.  Holding off on reentry and maybe will enter if we drop another level. SPY on the other hand is crus...