Things are getting wedgy on the SPY. Indices keep melting up when they should be selling off so it could break up or down. Knowing the way this rigger market works, I'm sure it will be decided Sunday night by the computerz. That's how it goes.
Will keep a small long position over the weekend, have a feeling that the melt up continues next week, even if the computerz gap it down, the market will close the gap.
Note: I'm actually long on IWM (small cap) but SPY gets more attention.
Will keep a small long position over the weekend, have a feeling that the melt up continues next week, even if the computerz gap it down, the market will close the gap.
Note: I'm actually long on IWM (small cap) but SPY gets more attention.
Comment:
Huh, interesting.... obviously an overhead resistance, and they let it finish right on the line. Looks like they're going to let the futures market determine direction.
Monday is the make or break day.
Monday is the make or break day.
You can tell that it's melting up, but the computerz can't really make money that way so there's got to be a big movement here soon in one direction or another....