I think the first hurdle is just cleared by moving beyond 1920 range. So I want to see SPX cracking the next resistance level around 1935, and then 1950. If it moves up beyond 1975, then I think it will move up to make a new high. Good luck folks!
Oh, btw Sarah, I'll cash in my gains from SVXY so I don't have to leave the position open over the weekend. If SPX struggles to crack the next resistance level during next week, I may try to position UVXY one more time. Thanks for your tips!
On Fri, Jan 29, 2016 at 12:23 PM, sarah_oz@yahoo.com [TSP_Strategy] <TSP_Strategy@yahoogroups.com> wrote:
Sarah - do you think we are basing, and looking more likely that we are trying to form a bottom to move up from here long term?
Unlikely, but too soon to tell. IMHO, it would have to be a very large base to avoid a further downward move.
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Posted by: Paul <ur12bfriend@gmail.com>
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