ONE AND DONE
Done with trading as the DIA went in a straight line from the Pivot at 111.9 to resistance at 112.2 and I am done. I suspected the floor traders would jump right on the pivot and so they did.
Keep in mind for Wednesday, when more folks will be involved with trading, that the VIX and the VXO are nearly 20% below their 10 day SMA's, and the 2 day RSI on the SPY and IWM are 94 and 95 respectively. Trail stops closely as we are due for a short term pullback.
posted by DAVID at
12:10 PM
1 Comments:
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