Spy touched the upper resistance line and bounced off. VIX is still sitting in a tight range. A bit of divergence today. BPSPX is up, but the SPX was down.
09/21/10 Update
Spy touched the upper resistance line and bounced off. VIX is still sitting in a tight range. A bit of divergence today. BPSPX is up, but the SPX was down.
This is probably the only time we are going to see a market like this in our lifetime. So lets make the best of the opportunity. I am going to concentrate on mainly trading the S&P 500 index using Elliott Waves and other TA. I will mainly be using puts and calls on SPY, but at times will trade SDS and SSO also. Do your own due diligence of course. Do not take any of my commentary and technical analysis as recommendations to purchase stocks or options. I do not currently trade the E-minis.