LOL shorted 08, covered 1/2 07 and got break even on the rest. Actually tried to fill 7.25 and got improvement. Only used a 1 point stop Still knocking on the r10 cash level
Too many puts open right now. When the big H&S got voided and went went back above the neck at 1040 many shorts threw in the towel. Cash making it's way back above the 200 day will attract more buying and it is also EOM.
200 day is key. It may just be the bear's last stand Edit: Don't be surprised if tomorrow is a flat day. 3 straight days of monster up moves may yawn for some air