06 September 2011

SP500 : Added to Short at 1146

  • Increased short position today at 1146 by tiny just now. Average in price now at 1191.
  • Monthly : UpTL broken. Expect test of recent low at 1102 at a minimum.
  • Weekly : SHS NL re-test over (and failed to be even close). Either in some kind of 4th wave triangle now or end of 4th wave already.
  • Daily : Bear flag. Break of 1143 at today's close is new short term sell signal. Will make today's additional short position more significant in size if it happens.

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