Market playing ping pong between the Pivot on the SPX and R1- I played it - I won and now done for the day as it was like hitting head against wall over and over-

No clue about what the rest of the afternoon brings but internals are still bullish with fins heading South and tech moving to the North.

Also traded some UNG to the North and that worked out pretty well-

VIX might have seen a temp bottom earlier in the day at 26 and about 15% below the SMA 10-

So markets may sell off here as the 930 area on the SPX is proving solid resistance- but don't think its going much lower either so lots of cash for now.


Post a Comment

Subscribe to Post Comments [Atom]

<< Home