Thursday, July 19, 2012

Go short July/19/2012 ?

Here's a chart showing some possible weakness in coming days. RSI is again approaching over 60, and I think there are good chances we retrace again from here. I am starting to sell SPX spreads, buy VIX spreads and will initiate more short positions if we see any weakness in the markets starting today.
SPX daily chart (mainly RSI)

















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