OK, I am a fast typist (Sure, you want a piece of me? I'll take you on!), but I am nervously eying my battery indicator since I only have a few minutes of juice left. Start the tense music!
Today was a pretty good day. Our friend the Fibonacci continued to scare the IWM away. Hold that line!
Volume continues to shrivel, though. Do you realize today's IWM volume was one THIRD of what it was back on March 14th.
All that matters to me, though, is that we continue to carve out a series of lower highs and lower highs. Given that, we can rest assured we can trade bearishly and profitably. Violate that trend, and I get grumpy.
Since I am frantically trying to get this post done before my laptop goes kaflooie, I will simply post a few of my favorite positions now, without comment. I have puts on all of these. You can tell they tend to be retracements, by and large. I hope some of you yield some good ideas from these examples!
OK, I made it to the finish line! Good night!
