Earnings gaps and whipsaws have made these SPY issues lpretty
good shorts up here. SNA right at 5 yr and 2 yr fib
extensions over two ernins gaps. TGts 105 then 98.
Small gap above even better if it gets back there. FFIV
also printed a magical move up toward highs and wedge resistance
kicked back in. A little overdone for the moment, perhaps a
miraculous skate save to the 9dma, but 94.5 looks likely.
SRCL likewise , a bear whip on ernins up to 200dma,
... if $113 breaks, symmetry to 105, fib to 97.
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SNA short
S and P shorts FFIV ADI SNA etc
Posted by cmunny on 28th of Apr 2014 at 11:56 am
Earnings gaps and whipsaws have made these SPY issues lpretty good shorts up here. SNA right at 5 yr and 2 yr fib extensions over two ernins gaps. TGts 105 then 98. Small gap above even better if it gets back there. FFIV also printed a magical move up toward highs and wedge resistance kicked back in. A little overdone for the moment, perhaps a miraculous skate save to the 9dma, but 94.5 looks likely. SRCL likewise , a bear whip on ernins up to 200dma, ... if $113 breaks, symmetry to 105, fib to 97.