NAPit

Buy the short term dip

Long
BATS:SPY   SPDR S&P 500 ETF TRUST
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Although I expect this sudden gap candle to be followed by a quick retrace back down to support, it does show that the market is oversold and is itching to have a rally.
I will buy if I see the signs of buying around the level of entry that I have up on the chart.

My watch list is ZION , USB , and PEG.

Comments

Well the price never dropped. So I'm going with Closed Loss, even though a position was never entered.
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