I'm thinking there may be a retest, but I want to see some more 3C action, I may let go of a few more shares of my shorts and try to initiate at a higher price, it depends on what 3C looks like in 30-45 minutes.
Tuesday, September 6, 2011
Early Market Update
As you know, I don't like updating too early, as the opening action is just abusing retail orders left before people head off to work, but here's a look.
The DIA is in confirmation
The IWM posted a positive divergence off the open
As did the Q's
And the SPY
I'm thinking there may be a retest, but I want to see some more 3C action, I may let go of a few more shares of my shorts and try to initiate at a higher price, it depends on what 3C looks like in 30-45 minutes.
I'm thinking there may be a retest, but I want to see some more 3C action, I may let go of a few more shares of my shorts and try to initiate at a higher price, it depends on what 3C looks like in 30-45 minutes.
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