I know that I didn't post much, the reason for that was actually the market itself. It had entered into a whipsawing area and it was chopping for couple days. Absolutely there was no trends and not tradeable for me. But It has also come to my attention that some of the major sectors have weakened like XLF and SMH during the last day the previous week ( They broke their short-term trend intraday. Monday these trends might get tested and look strong in the first couple hours. But I don't think that will change anything what it is going to be. I also expect a little gap up tomorrow (2-3 points) and a limited upside rally to 890. For the rest of the week you can see my prediction on both the SPX chart and the ESH9 futures charts. There is a heavy selling waiting for us, as a reminder this week is also the expiration week for options, there could be a good chance of making some money. When the market reaches that area (847-852), that mightalso be pivotalarea for a strong upside rally.
No comments:
Post a Comment