Last friday S&P fell 41 pts in 3 minutes after data came out, and rebounded dramatically in subsequent 30 min periods.
We are in a contested area with a lot of turbulence.
There is a trapped short position underneath 4300s, look for responsive buying should prices come down to this level.
Sunday sellers stepped above 4340 in and now there is a position being built in the 4310s and some profit taking happening. My expectation is that it gets higher.
We are in a contested area with a lot of turbulence.
There is a trapped short position underneath 4300s, look for responsive buying should prices come down to this level.
Sunday sellers stepped above 4340 in and now there is a position being built in the 4310s and some profit taking happening. My expectation is that it gets higher.
trader itcha