Date: August 2014: spx

spx

A clear setup at which to re-short SPX/SPY. Resistance at 1950-1960, stop loss above 1960... downside target around 1860.

Comments

facesincabsfacesincabs
good chart, Biwii (the 1 star grade is undeserved from Dink and completely un-necessary) 
 
after today's weak action I don't think we can get to 1950 for that back test though 8/6/14
NFTRHNFTRH
Thank FIC. No problem w/ Dink, he's been a bit of a spook for me all along. It's his thing apparently. Yes, I may have been hasty on the back test thing. I thought it might flag up, but it is flagging down instead, which is less bearish actually. So maybe the backtest will still happen, but over a less immediate time span. Anyway, thanks for your feedback. 8/6/14
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