The charts are showing strong evidence of selling activity. If you look at the 10 year (monthly) candle chart above you will see that I’ve pointed out the main signals that have brought me to our long put position. The steep angle of the most recent up leg is being threatened and once the price action breaks below the red trendline I believe the selling activity will accelerate.
Options Oracle: 06/04/13
Posted on June 4, 2013 by AJ Monte in Options Oracles
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