SpyderCall
OP102235596
:
To be honest, I am not sure. I am taking some profit, but I am not entering into any new short positions just yet. The sell-off was overdue for a bounce. Market sentiment has been super bearish lately. So I just don't know how high this rebound will go.
SpyderCall
OP102235596
:
This is the current channel I am watching. SPY is at the mid level of this channel so it could go either way, but it looks like there is at least a little more upside in the works.
102235596 : You reckon it’ll reverse Tmr?
SpyderCall OP 102235596 : To be honest, I am not sure. I am taking some profit, but I am not entering into any new short positions just yet.
The sell-off was overdue for a bounce. Market sentiment has been super bearish lately. So I just don't know how high this rebound will go.
SpyderCall OP 102235596 : This is the current channel I am watching. SPY is at the mid level of this channel so it could go either way, but it looks like there is at least a little more upside in the works.