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SPX bounce back to 1181-1182 very soon, then short again


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#1 Jhoe

Jhoe

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Posted 04 May 2010 - 10:49 AM

BUY BUY BUY!! seriously everytime the market looks like its breaking in half, we rally to new highs in 15 minutes. I'm joking but getting an eerie sense of truth at the same time. I'm long puts in stocks, calls in the bear efts, thankfully all opened before today so I caught that nice drop at the open. But I think the SPX bounces up before EOD to retest the head/shoulder neckline. Then its BUY BUY BUY! No, then it SHOULD be 1140 on the SPX by end of this week. I dont trust this market though so lets call this bounce trade a little insurance against a surprise rally too.