Progressively lower volume as the pump goes up. RSI way overbought. Dump likely, perhaps to a higher low at former resistance line.
Not advising to short it, consider taking longs risk-off.
Not advising to short it, consider taking longs risk-off.
Trade active:
Played fade gap and now opened bear spread in SPY 11 Feb 455 / 4 feb 445, two for a start
Comment:
and heeerre wee arrreee
Comment:
Dammit shoulda took those FB puts I lingered long time over those fgs... o well; big gap needs to fill, IMO might fill Friday and give a twin peak double top before rollover. Not chasing either way, flipped some calls in am, the gapfill did not proceed, sitting back on cash.
Comment:
No positions atm just watchful waiting. Could break up once more, or another rollover at any time, pure dice roll
Comment:
Double lower top is ominous IMO.... have a look at Dec 2018!
