The SPY gave a lackluster performance last night, but what is more interesting is that the Kijun Sen has decided to separate from the Tenkan Sen. What this means basically is, to put it in simple terms, is that the Kijun Sen is trying to find the price.
That's not a good thing because once they cross, it becomes a bearish cycle, and that just means more bearish downside. In any case, it looks like it is going to be a bear performance tonight. I am hoping that it will really hit down hard and I can look at selling some Put Spreads. Hopefully.
Well, let's hope for something fantastic to appear soon. :)
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