Tuesday, February 16, 2016

Feb 16 - Potential pullback target SPY

If we get some backfill, ideally would be looking at a 1/3 retrace to retrace Tuesday's move.  I am guessing btw 1-2%.  We also have some seasonality headwinds per Sentimentrader
 http://www.sentimentrader.com/blog/optimism-flat-as-buying-surrounds-holiday-break


A 1/3 retrace would be ideal and coincide with today's move

 A wild guess on how we might move up (assuming this is a new uptrend).



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...