Friday, August 19, 2011

A Pin?

Market acton is pretty dead today and slow markets always make me nervous. It could be that they are pinning the market to the $114 area or some other level to cause maximum pain on options expiration, but there are some signs that we shouldn't sit back too relaxed in the calm before the storm.

 SPY triangle suggesting a break coming one way or the other.

The SPY 30 min Bollinger Bands are pinching, signaling a highly directional move shortly.



No comments: