SPY bounces after 60% or 100% retracement level

2017年1月1日

SPY might bounce after these two retracement level. My bet is on 60% after market opens Jan 3rd. Be ware of wash and rinse and the market might overshoot the 60% level to run the stops then bounces.

Happy new year!!!

2017年1月7日

註釋

haha it didn't wash and rinse at all. gap open and bounced my short vix position returned 20%+. a nice start of a year!