Guess what I SPY? That's right, another pennant
Intraday pennant, probably will finish the day on one line or another, and they'll gap it with futures.
Not really sure which way though. Couple of earnings plays for me but no position in indices.
Not really sure which way though. Couple of earnings plays for me but no position in indices.
Comment:
As predicted it finished on a line, no firm indication of direction. Looks like it's up to the Euros overnight to gap it one direction or the other.
Comment:
Pretty good chance the market will melt up the rest of the month until the Fed meeting and FAANG earnings. Maybe all summer like last year.
Comment:
Figures they'd try to break it out of the pennant with futures, but market looks weak, and this could be a fake breakout.
Computers are the only ones buying at the top, closed out almost all of my long positions on open, have only $4k worth of penny stocks, lol.
Even if you;re bullish, still might not be a bad spot to lighten the load a bit. Could always buy the dip.
Computers are the only ones buying at the top, closed out almost all of my long positions on open, have only $4k worth of penny stocks, lol.
Even if you;re bullish, still might not be a bad spot to lighten the load a bit. Could always buy the dip.