TECHNICALS -SPY
Lots of bulls declaring another new bull market because of today's high volume and uber bullish advance decline.I would be a little cautious, as their are two gaps that will most likely be filled, one this morning and one back at the 123 area. Not trying to put cold water on the rally, just looking at the chart.
posted by DAVID at
5:18 PM
1 Comments:
It seems like it might be smart to wait till after the morning bull run and then fade this rally with some shorts in spy.
It is the end of the quarter and lots of shorts (rightly so) have not capitulated; So the rally could spike up if the shorts get nervious.
My thoughts are Monday morning is a good time to be ultra short.
Post a Comment
Subscribe to Post Comments [Atom]
<< Home