Yesterday action was very encouraging for the shorts.
The spot gold broke down and the VIX closed in positively.
I will expect the market to head back down from here or retrace it back down and close some gaps that left behind.
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Volume is non existent right now on the S&P futures. I'm not expecting much to happen today.
ReplyDeleteare you looking at march or june contract?
ReplyDeleteit's rollover day
tomorrow should be fun!
ductoom
It is important for the market to close in the red.
ReplyDeleteEarly this week, the market have been traded in positive area most of the time. Every times it dropped, it dropped to the break even mark. Today is the opposite day so far. It had been traded in negative area and the market have trouble going to positive area.
rut roh
ReplyDelete@#$#@
nice ascending triangle busted through!
and one of these days i will be fast enough to switch sides and abandon my position.
ReplyDeleterelesc
I am going in big on SSO, with a tight stop. we are on the brink of a break out higher. I do not want to be long, but tired of being wrong. If I get stopped out, then I will know this a short term top. looking for morning gap to fill and then grind higher. who knows, we will know soon enough.
ReplyDelete