Almost none even remotely believe this is the start of a bear market.
Posted 09 February 2018 - 02:05 PM
Short trade is over for the week, sentiment was leaning bearish. They have to keep the hope going into the close.
Maybe gap down and run Monday.
Posted 09 February 2018 - 02:14 PM
Looks like I'm going to have to hedge some more because of the VIX divergence.
Posted 09 February 2018 - 03:27 PM
Looks like 2600 is resistance now. I think this bounce was 2 of 3 of 1.
Posted 09 February 2018 - 04:04 PM
Volume was rising near the lows, the turn was just short covering ahead of the weekend. Now we have an ABC complete
off the lows. Expecting a gap to the lows and run Monday.
The VIX divergence is gone now.