miguelsique

might be a small pull back

OANDA:SPX500USD   S&P 500 Index
There might be a decent drop tomorrow or possibly friday. In order to go higher we need a pullback for a healthy market. Do not see this as the big drop as everyone expects but I feel as though the market will go more higher before a market correction. SPY also shows a hanging man on the daily and we know that the SPY is well correlated with the S&P 500. we might see 3855 before we can go any higher. so will be taking a short position at 390.50 and will continue adding on if it goes into 391. stop loss above 393.50
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