Tuesday, July 17, 2012

Fade the Gap?

You may recall yesterday I showed this pattern in one of the updates that had developed in the SPX during the day....

I don't have time to find the post right now, but I also mentioned a breakout to the upside was likely before a move down, although I was thinking that would happen yesterday.

It's still really early to say there's no confirmation of the move higher, but thus far there is no confirmation of the move higher, as such I'll be leaving my UVXY calls open for the time being.

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