Classic head and shoulders on Spy. Strong reversal signal followed by heavy volume. Target is 198
Comments
wardjm
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I'm 100% in agreement. Sticking with Puts and buying up VXX rather than shorting though. You never know in this crazy market.
TTHQ
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Going to be an interesting year...my neck is getting soar from all the head fakes. Hopefully we get a nice healthy correction here so we can finish off the later part of the year in a bullish direction.