Still holding "toe" in Calls and will add more above 170.30
Wednesday, November 2, 2011
Tuesday, November 1, 2011
SPY
A break of the 120.75 line will be a major support break of a Monthly Pivot. Tomorrow's action will be very important as a bull push back to the trendline and a gap fill at 125.33 between Wed and Thurs action. But look for the gap fill to be sold hard and this monthly pivot to be in play by Friday if not crushed depending on the news from Greece and Europe.
Monday, October 31, 2011
SPY
Confounding fibonaccis.... 1 penny, really? I think it is pretty clear here a break of 125.33 and or the green trendline would be VERY bearish. I'm considering placing orders to get short below that and inching in long now with a TIGHT stop with thoughts of adding more long above 128.66.
Fun times.