sp'60min
sp'daily5
Summary
So, it looks like we're going to open in the low sp'1390s. This is good, and is our first break below 1400 since Dec'5th.
What am I doing today ?
I need to rollover some option positions, so I'll exit at the open, and look to re-short later in the day, but in a further out month.
Be absolutely clear, I will now be shorting all the way to the low sp'1200s. However, I will try to 'dance' in/out of a few positions if the smaller 15/60min cycles look oversold at various times.
*I have my backup mobile internet now working, so I will be able to post as necessary, intra-hour updates..if price action is 'dynamic'.
Good wishes for Monday, and.the very best of bearish hopes for 2013 !
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UPDATE 8.50am ... I'm not sure why but the market is jumping higher... sp now -2pts..set to open around 1400.
hmm, well, if we open @ 1400, I'll sit back and wait for lower levels. I am not exiting @ 1400.
UPDATE 9.35am CLOSED spy puts and VIX calls
I'll re-short later in the day...probably.
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Bounce potential..probably sp'1410/15...but I can't see 1420s again.