Monday, June 13, 2016

Jun 13 - Flipped to small SPY long but still bearish over intermediate term

Getting some support and VIX seems overblown for a small equities move.  When it is this far above the upper Bollinger and price isn't that severe it might be exaggerated fear.  It also could be the beginning of a waterfall event but so far price isn't confirming it.  Will exit longs if the lows of today don't hold.

Support around 209 and possible buy signal on hourly.

From Rob Hanna,

If this occurs, it will set up a great short entry for post OPEX bearish seasonality.

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July 11 - GLD sucks

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