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Options Trading with Option Addict

Option Addict
The first hit is always on the house.
Joined Aug 2, 2009
1,847 Blog Posts

PATIENTLY WAITING

Option Addict Wed Jul 15, 2015 1:11pm EST 6 Comments

The Russell is the only index in the red here, and those types of divergences foretell upcoming weakness in the others. I don’t think we plunge, but a drift lower to test recent buyers resolve seems likely from here.

I’m still patiently waiting for better set-ups that this.

https://www.youtube.com/watch?v=-iyVOLIWc-A

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6 comments

  1. Badduck
    Badduck
    July 15, 2015 at 2:34 pm

    And… queue the violent riots in Greece.

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  2. Jon V
    Jon V
    July 15, 2015 at 2:45 pm

    Quite the violent reversal in XBI / IBB

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    • Jon V
      Jon V
      July 15, 2015 at 2:49 pm

      However, the volume isn’t there…so looks like it’s not a big warning signal

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  3. Badduck
    Badduck
    July 15, 2015 at 2:54 pm

    We’ve come a long way in very little time. If Greek election go poorly and if China continues to slide tonight tomorrow could be ugly.

    Bought some QQQ puts but otherwise sitting on hands waiting for shit to come to me.

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  4. lplongo
    lplongo
    July 15, 2015 at 3:00 pm

    Would be great to see $WING run the sentiment chart route.

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  5. traderconfessions
    traderconfessions
    July 15, 2015 at 3:08 pm

    What’s the roadmap now for WING?

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