Feeding off of pain and euphoria. Find me on Twitter @greenlander1
Thursday, October 8, 2015
Oct 8 - Another bear trap
Still holding small SSO, VXX put spreads and core positions of GS , EWG. The pain trade continues. Looks like once again a lot of people went short at resistance and got squeezed.
The 15 min frame made it obvious this was a bad place to short as price was consolidating.
Third tap of channel and QQQ exploded as the Fed minutes were released. The morning dip was a trap.
Not much resistance until 204-205 SPY
Oscillators reset and more room to potentially go.
Share to Twitter
Share to Facebook
Share to Pinterest
Post a Comment
Post Comments (Atom)