"I think bottom of wedge is more likely" by trader damdaman — published April 10, 2015

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SPDR S&P 500 (AMEX:SPY)

AMEX:SPY SPDR S&P 500

But a break above here and new ATHs wouldn't surprise me.

i won't short at this point. there is momentum shift on the upside.

seine

Today's candle is pretty bearish. I didn't short the market outright, but I did buy a couple UVXY April 12 calls for .54 - very low risk, high reward trade if the market has a bad week.

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