Thursday, September 19, 2013

Is Market Setting Up For A Pullback?

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Back in May of this year, ITZ posted the following charts. LINK

 It appears now we're nearing that point, is it today? Perhaps not...but we're in that period of Sept/Oct when it's more likely.






6 comments:

itzstockchartz said...

Looking to take a 1/4 position in Proshares SDS - 2xs levered short $SPX, @ $35.90

itzstockchartz said...

Entered a 1/4 position @ $35.90, will add @ following levels: $35.55 then $35, final 1/4 position TBD

itzstockchartz said...

Update: currently only hold 1/4 position, never able to enter other buy levels. Use $SPX 1650 as exit point - follow ITZ posts on TWITTER

itzstockchartz said...

set stop @ $37.00, use a trailing stop

itzstockchartz said...

Raise stop to $37.40, suggest using 10-ema on a 60 minute chart as a trailing stop. Looking to exit SDS & enter SSO.

itzstockchartz said...

Exited $SDS @ #37.50 for +1.60 +4.45%
Entered SSO 1/4 position $82