Every time bears have been properly set up to volleyball spike this market lower in recent memory, we know the outcome has been a vicious bear trap which leads to fresh highs.
And, yet, here we are, once again, with that familiar setup, wondering if it will be another run-of-the-mill bear trap before we rally or instead the real-deal breakdown.
The S&P ETF’s 30-minute chart still shows a pennant breakdown in play, rendering the bounce yesterday to be potentially nothing more than a temporary relief trap before we head lower.
The small caps, which had been outperforming all day, are giving up their gains and then some as I write this.
I have put on no new equity longs, only a natural gas play.
As far as the short side, I am open to all options now, including bearish index and volatility ETF”s. I am also stalking some individual shorts inside 12631.
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http://metro.co.uk/2014/07/30/girl-branded-too-beautiful-to-play-volleyball-as-she-is-a-distraction-from-the-game-4815994/
legs for weeks
Haha
Chess
BID looks strong in this market? Also, time to short materials?
BID can bounce.
Double bottom @ $spx1916 or does that i minute breach to 1913 mean 1900 is imminent?
Depends on the closing print, I think.
Lol, recognized her, aside from that bears can’t afford any rally into the close? Thoughts
You’re probably right