CM . . . keep in mind that a close above 1076 creates a candle pattern that suggests a counter trend. I'm sure not telling you how to trade . . . I mean who the hell knows at this point? I got out of EDC at 21.67 and back in at 20.83. There always seems to be a bounce to the market upside from 11:30 - 1PM ET. - GL
I never mentioned whether I was a bull or a bear. did I? my whole point is learn to be a little more patient trader, and you'll deepen your pockets. by the way, I only trade option contracts on the S&P index, because it's a lot more profitable than trading stocks or 3x ETF's on a ratio as high as 100 to 1. so it fits my style perfectly, since I like making my money really fast with the advantage of being able to move in and out the markets very quickly.
I just got a by signal to short the living SH_ _ out of the S&P index on a power move with a 112 stike price , buying 1000 put contracts, that all started when SPY was at 109. this is most likely a day trade only, unless the momentum is very powerful near the close.