Wednesday, April 20, 2016

Apr 20 - Still short SPY

Looking for a few handles pullback in SPY.  Today's reversal was only semi-promising.  Let's see if we get follow through next few days.

NYA printed another RSI sell signal.  Last one failed though.

Another RSI sell signal on SPY 2 hr.  The last one failed like NYA.  Let's see if it falls to lower end of yellow box.

Neg divergence on RSI/ CCI on 30 min but nothing super dramatic.

Nice reversal candle setup on low volume.

No comments:

May 15 - Closed out IWM puts for +120% and picked up DAL and HD Jun calls

I'm going to let the market do its thing this week and probably stay away from new positions until Friday unless something very good pop...