I tried to get short the S&P via SDS but got stopped out for a loss.
I went short again in the evening session from 90.05 and I'm looking for a retest of the lows. Today looked like low volume short covering as open interest has been decreasing throughout this 4 day up move. It looked to me like resistance came in right at the Bollenger band mid range, which is the same area where a trend line drawn down from the Sept. highs intersect. I expect selling pressure to resume into next week.
chart to follow:
No comments:
Post a Comment