Monday, March 28, 2016

Mar 28 - Potential short entry SPY

On the days where we have had sub 100MM shares traded, 7 out of 10 times there has been a pullback within 2 days.  Today's volume is extremely low, maybe we will end up around 60MM which is unusual for a Monday after long weekend.

If SPY ends up positive for the day, will take a short.  If we sell off, it could just set up another short squeeze in which case I will stay flat.

Again, until we get some volume/ price confirmation, this is currently setting up to be a short term play, maybe a few days.  But it does have potential to break the trend and become something more significant.

TLT starting to perk up also with a volume spike last week.

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