Thursday, September 5, 2013

Stay Hedged for now


This is the update of SPX daily. As I expected, it formed a lower high and stayed at 38.2% fib level. Tomorrow we will get Employment data. Not sure what will happen, especially with tapering getting closer. It is too risky to stay in cash. I have to hold positions hedged with options and volatility ETP. Let's see how it it going.


This is the EUR hourly chart. It is a crab pattern. Statistically Crab works well.

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