do you get intra-day NYMO readings? $VIX seems to have
moved off the bottom over short term resistance, so you might have
picked a great time. Fast forwarding, the SPX failed to break out
above the 1440 pivot (+- 7 points). Came darn close, and
maybe it still does it, so this might be safer to hold. I am
still holding index shorts that I bought at 1438. The 1440
pivot is my stop out (but not hard stop out). The divergences
kept me in the trade and I'm crossing my fingers I don't have to
bail at the close.
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Posted by pebs on 18th of Dec 2012 at 02:21 pm
Going short here with a tight stop. Look at the neg divergences everywhere - $NYMO, RSI, $TICK, plus being outside upper BB to boot.
do you get intra-day NYMO
Posted by kalinm on 18th of Dec 2012 at 02:22 pm
do you get intra-day NYMO readings? $VIX seems to have moved off the bottom over short term resistance, so you might have picked a great time. Fast forwarding, the SPX failed to break out above the 1440 pivot (+- 7 points). Came darn close, and maybe it still does it, so this might be safer to hold. I am still holding index shorts that I bought at 1438. The 1440 pivot is my stop out (but not hard stop out). The divergences kept me in the trade and I'm crossing my fingers I don't have to bail at the close.