Friday, July 31, 2009

07/30 SPY Double Diagonal

The trade is still in a tought spot. It is theta positive going into the weekend, but in reality a pull back is just about all that can bring it back into play. Yesterday and Today were important days in a technical stand-point, as we faded the top in the last hour of trading, let's see if this is indicative of a pull back next week.

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