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6.21.13 Friday “$SPY Thor’s or Bob the Builder’s Hammer (How 2 Identify Hammers)“
6.22.13 Saturday “$IWM $VIX $SDS $SPY Diverging Lines“
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6.21.13 Friday
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Entered Short (Puts) Positions @ $159.52
[Chart screened 30mins before close – little glitch on my chart so the candle looks different]
- Double top was confirmed once it broken below $160ish level on yesterday
- “Old support new resistance”
- 160ish level now becoming “neckline” of this double top and neckline testing is a bear continuation
- I don’t believe today’s action is going to be a reversal as I explain on this post
Targets: $154 and $149
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6.24.13 Monday
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[Morning] 30% Short (Puts) Positions Closed @ $156.09
[Chart screened 1 hour after market opened]
My first target is $154 but just scaling it down a bit here as it’s moving quiet too fast.
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6.28.13 Friday
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