Posted by frtaylor on 27th of Aug 2015 at 12:46 pm
This little pullback off the highs is back testing the 9ema.
Probably it will bounce this first time. If we go back down to it
again, I'm watching for a break and a failed back test from below
to take a small short. (9 ema on SPX, not SPY.)
That is the truth.
SPY looks like it's weakening here. VXX "starting" to look interesting on 15 and 60
Posted by zitron on 27th of Aug 2015 at 12:31 pm
This little pullback off the
Posted by frtaylor on 27th of Aug 2015 at 12:46 pm
This little pullback off the highs is back testing the 9ema. Probably it will bounce this first time. If we go back down to it again, I'm watching for a break and a failed back test from below to take a small short. (9 ema on SPX, not SPY.)
I would keep in mind
Posted by a_l_ on 27th of Aug 2015 at 12:35 pm
I would keep in mind that Jackson Hole has both the ECB & the FOMC with dovish speakers (today for ECB & Saturday for Fed).