Didnt finish as low as pictured, but I really didnt expect it to, unless Mondaystarts out that way to finish. If trading were on Saturday, the down leg went further.
otherwise, its a good pre visualization of the day ahead
Jay
Much to do about nothingnear repeat of yesterday
We mentioned spx 1110 as strong resistance at the 78% retrace level
1130 is 100%, and that still does have potential
Just in case they do move higher, that does NOT indicate a NEW BULL RUN
mainly because there can be an X wave higher in whats called an irregular wave;
this type of wave CAN also indicate a severe sell off immediately upon completion
be that Today, Monday or SPT 20th
Jay
1 comment:
small cit,scheduled for 2:00,may be a high if only for a short while.i dont anticipate much higher today anyway,even if it is 9/11 anniversary tomorrow.should close positive but maybe only just,if i was forced to call it.
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