Tuesday, June 14, 2011

Bounced...Now What?

So the anticipated bounce materialized, raking in some nice coin.  Closed all long positions (save a single TF contract and an SPX put vertical), locking in approximately 80% (!) return since June 1st.

From here, things look a little tricky.  I'm gonna wait a bit for a higher probability setup to materialize.

Note how the VIX tagged the 20 area and then retreated.

No comments: