Thursday, November 20, 2014

Green Light

Still looking strong on the weekly.  Ergo just turned green and moving up.  Sto is at its highs so warning sign for a small retracement. OBV is still in an up trend.

 Did get some bad news from China and Europe today.  If we go down 3 bars lower on the daily, look for a Fib half back short and get some Puts in the SPY, SPX, QQQ, Dow and other markets.  Place stop just above the 61.8.
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