But as long as the SPX remains above 2650, it's in an uptrend--in a sense [we are still in a broad range]. And that strongly suggests testing that 2700 level next week
Either hit that 2680 level once more--so I can exit at break even--or collapse to that 2610 to 2620 level for another long entry. But this is trading purgatory. I'd like one of those two things to happen today, even if either is actually unrealistic
IG report is out this afternoon. 10 point SPX drop, coincidence? Probably, but recall the first big selloff this year was the same day as FISA memo released.
The selloff today is probably just a lot of "profit taking" or "being safe" by selling before the weekend. Who knows what sort of news could break over the weekend about the potential bombings of Syria and in return the US, trade talks with China,
Was hoping to see sell into the close and maybe I will pick up some longs Now I guess I will just sit on cash and wait for next week
earnings season gets going in earnest from next week. i'll have the complete earnings thread up sometime tomorrow but here is just a quick preview of what's to come: have a great weekend everyone!
