Posted by chartboy on 26th of Aug 2011 at 10:00 am
A daily close below 152.26 would trigger the mechanical exit for
the RSI 2 short swing trade initiated two days ago. One can presume
a large number of hedge funds are starting to close out portions of
the same positions intra-day at or below the 152.26 level.
Posted by chartboy on 26th of Aug 2011 at 12:07 pm
FYI...Those same intra-day RSI 2 traders that were covering
shorts this morning below 115.26 will now likley begin scaling out
fresh shorts on reversal signals here above 117.83.
A daily close below 152.26
For anyone that began scaling into SPY shorts at the ...
Posted by chartboy on 26th of Aug 2011 at 10:00 am
A daily close below 152.26 would trigger the mechanical exit for the RSI 2 short swing trade initiated two days ago. One can presume a large number of hedge funds are starting to close out portions of the same positions intra-day at or below the 152.26 level.
My apologies...I was refering to
Posted by chartboy on 26th of Aug 2011 at 10:16 am
My apologies...I was refering to the SPY and meant 115.26.
FYI...Those same intra-day RSI 2
Posted by chartboy on 26th of Aug 2011 at 12:07 pm
FYI...Those same intra-day RSI 2 traders that were covering shorts this morning below 115.26 will now likley begin scaling out fresh shorts on reversal signals here above 117.83.
Anybody buying TZA at this
Posted by Robert50 on 26th of Aug 2011 at 12:31 pm
Anybody buying TZA at this level?
RSI-2
Posted by Robert50 on 26th of Aug 2011 at 12:30 pm
The downward wedges on the intraday charts on the inverse ETFs seem to work like a charm too.