Thursday, January 7, 2016

Jan 7 - Freefallin'

Looks like retest of Aug lows is coming.  Whether it is a straight line or not, odds have gone up with the failure of the somewhat bullish set up at yesterday's close.  Sitting in a midsized short position and not adding.  Looking to unload some if we hit 185ish in SPY.

I think the middle yellow support band will fail
 VIX still has more room to rise on stochs/ CCI.  About 2 days min so I am not expecting a bottom until Monday assuming this fall in equities does not come with bounces

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