Everyone must be shocked at the market's action today.
The daily indicators are showing a topping action. I am looking to enter short position very soon. Half way to a confirmed sell signal. Waiting for the remaining ones to catch up. Expecting that to complete within this week.
My own answer – dollar getting stronger, Euro and commodities getting weaker. Every indicator shows oversold (McClellan about to turn down, bullish sentiment high, CPCE at a low). Let's just hope these work.
Everyone must be shocked at the market's action today.
The daily indicators are showing a topping action. I am looking to enter short position very soon. Half way to a confirmed sell signal. Waiting for the remaining ones to catch up. Expecting that to complete within this week.
Nice call getting out of TZA.
Nice place to get out also — right under the pivot.
1167.04 is the other 3 min gap from friday
Still have all of positions. I will let you know if/when I ever sell them!
OUt of TZA at 7.29
$SPX 1163.29 gap filled from friday
I followed Carl this morning, in and out of TNA (over my own objections) as Carl bought and sold. Worked out well this time.
I think it will also. MY gut said sell at open and I didn't.
Overbought I meant:) Need some coffee.
My own answer – dollar getting stronger, Euro and commodities getting weaker. Every indicator shows oversold (McClellan about to turn down, bullish sentiment high, CPCE at a low). Let's just hope these work.