When does seesaw becomes a whipsaw?

It is when you are whipped for putting chewing gum under a public park seesaw in Singapore.

Today is a day to be cautious.  I sold all my swing trades pronto at open without thinking much.  All for small losses. I even reduced position size on $SZYM with the intent to buy them back cheaper.

So far, all mini-rallies are being countered with a bear attack; therefore if you are thinking about bargain hunting, you may want to put a tight stop “just in case”.

Below is the 1m $SPY chart:

SPY_1m

Be safe!

My 2 cents.

 



Categories: SPY

Tags: , ,

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