Disclaimer: Steelman's Technical Charts are my own amateur interpretations of technical charts and for informational purposes only and should not be construed as investment advice regarding the purchase or sale of securities, or any other financial instrument of any kind. Please consult with your financial adviser before making an investment decision regarding any securities mentioned herein. Steelman's Technical Charts assume no responsibility for your trading and investment results.
Tuesday, January 18, 2011
SPY intraday 11/01/18 to close
The 1st chart is my post around 1100 am called SPY intraday to show a trend line I was watching. We didn't get the break until late in the day then only got a small pullback. Light vol is killing this market and the promo working hard floating this market up. The problem is it is so hard to short until some vol come back to the market. I had a day trade short going but took a small lost thanks to my stop as shown in the 2nd chart once the trend line got breached and the trend was no longer in play.