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.

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