AI
Wednesday, July 30, 2014 9:58:07 PM
SPY price consolidated near top of long term channel, and then broke through TL based on 1/4wave of 6month cycle. The initial break was with a gap, and subsequent trading has been below that gap, with negative connotations.
The status of the 42 and 1 day cycles may prevent an all-out debacle until late next week, but IMHO it is coming.
Holding full bear position; all potential profit-taking points are just after major sell signals and therefore the position will be held. This thing just needs a head of steam.
The status of the 42 and 1 day cycles may prevent an all-out debacle until late next week, but IMHO it is coming.
Holding full bear position; all potential profit-taking points are just after major sell signals and therefore the position will be held. This thing just needs a head of steam.
Stay on the right side of the cycle!
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
