Waiting on the Market Short
I am not going to try to think about what the Fed will do, and whether or not the market will go down. I will keep using my charts, and they still tell me to wait on the short.
A lot of charts are overbought in the short-term, but the Transportation Index could see the 200SMA again, breaking from the 50SMA resistance.
Whatever the case may be, I will swallow my previous call. I did take on NYX Puts for protection due to a very short-term consolidation that may be seen w/in the name. I am still overly long the name however, and will stay majority long through earnings.
