Users: TnRevolution: content.screencast.com/use.../SPX32515.jpg
content.screencast.com/use.../SPX32515.jpg
Pretty significant reversal today across all indices. SPX closed below its October trendline, after bouncing off of it earlier this month, including a negative MACD divergence on the daily chart. We saw a sell reversal in the short term, and nearing an intermediate term sell reversal. If we continue to move lower from here, it should have legs to the downside. My largest position is now long volatility.
...