Friday, May 3, 2013

TICK Looks Horrible-SPY/ IWM/ QQQ/ DIA

The negative divergences are there, the NYSE intraday TICK chart looks horrible, it's hard not to add to the SPY/IWM puts in place, but thinking like a Crook? I'm going to jump to leading indicators quickly for any sign of a tie-breaker here, but I'd want at least the partial put position in place that we already started in SPY / IWM

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