spartex, on the daily chart, i agree with you.
in the intraday chart, i disagree.
per notes in prior post.
everything about this morning's chart reads downward to me.
that said, bulls could kick in anytime and start buying.
if i see more assertive signs of buying,
i'll be taking profits on puts
and adding sept11 calls, buying the premium, in case this flounders into next week.
in the meantime, riding these puts down as long as ADX and Awe are hinting bearish.
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