SDS - Chart Link - those asking if
patterns look like they could follow through, I think so but I will
need to look at it closer on weekend
otherwise the potential RS on SDS or SPX, needs more of a market
bounce, one day is not enough guys. Again this may not even
be the pattern that forms, just saying if it is, well the market
need to work higher for a week or so
I was thinking the same thing, with right shoulder needing to
form. Sold my SWKS puts for a 36% gain. Configuration
similar and will look to buy them back after a bounce.
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comments
Posted by matt on 6th of May 2016 at 03:52 pm
SDS - Chart Link - those asking if patterns look like they could follow through, I think so but I will need to look at it closer on weekend
otherwise the potential RS on SDS or SPX, needs more of a market bounce, one day is not enough guys. Again this may not even be the pattern that forms, just saying if it is, well the market need to work higher for a week or so
$SPX - Chart Link
I was thinking the same
Posted by mdgfain on 6th of May 2016 at 04:06 pm
I was thinking the same thing, with right shoulder needing to form. Sold my SWKS puts for a 36% gain. Configuration similar and will look to buy them back after a bounce.