SELL DIA 91.29
3:22PM
VIX down to 57.43, back to support, if you can believe 57 is support.
Put call is below 1.00, all day = too much bull-sided activity.
PRICE CLUSTER at 91 in DIA is resistance to any price advances from here.
EXPECT A Decent Setback from here, but don't risk the house on this as the LONG TERM TREND OF THE MARKET IS UP AFTER THIS WASHOUT to 8000 on the DJIA.
DIA 91.47 as I type.
Risk 0.50 MAX from here.
AGAIN - THIS IS A COUNTER TREND TRADE. WE ARE FADING/SELLING AGAINST RESISTANCE AND NOT GOING WITH THE PRICE UP-TREND HERE.
3:26PM DIA 91.60 last...
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