SPY today has the potential for a false breakout to the upside, which if it happened, would remind me of what happened on 7-15-09 with downside fakeout. wishful thinking?
if this top is in (up for debate obviously), it looks good for that 2nd gap up on SPY at 98 to get fully closed (got within 35 cents). hows thursday sound!
wow. just got stopped on the rest of my SPY at 99.25. looking to reshort. soon.
Pekelo, does premarket count for closing (almost) that gap? or only RTH?
short SPY 99.54 with 1 pt stop for a swing trade. target... unknown. next monday or tuesday. somewhere at the bottom of this cliff!
this week has been frustrating with nice intraday profits on the short side blown after stops were put in near b/e, thanks to these ridiculous runs every...
i think if SPY stays under 97.85 bears will be ok/in control (at least for today). then again, every day recently has looked just like this. that S1 is a good place to trap bulls though
good point wave.
financials (GS, JPM, etc) all look to be at/near resistance on my charts. i know SP1000 is so close the bulls can taste it, but they could just as easily get trapped here. i think they need that target for the august/fall anyway
nice call for 975. and i believe satchel called rally today too. so do we reverse this today, or keep it going til weekend?
possible IHS setting up on SDS/QID.
been setting up some swing trades lately, and getting stopped out - sometimes for small gain, sometimes for small loss, sometimes b/e. looking forward to rest of week.
only one daytrade today
+155