I'm thinking a pullback to support.. Dow Jones index kept this thing up today with its blue chips beating earnings. As soon as the dow closed its gap the spy pulled back. Most of the stocks that rallied today hit there supply areas. With that being said, if the spy goes any higher it'll be on the back of Tech.
Apple ,Amazon , and INTC have earnings coming up next ; If they miss we head to 375 . If they rally Tech and chip sector will lift the indexes.
On the other hand. What if they beat and The PCE comes in higher? Interesting scenario
Vix still looks like it's wants 25 but like I said in my post, it could bounce at 27 and retest 29.. today it bounced at 27
Apple ,Amazon , and INTC have earnings coming up next ; If they miss we head to 375 . If they rally Tech and chip sector will lift the indexes.
On the other hand. What if they beat and The PCE comes in higher? Interesting scenario
Vix still looks like it's wants 25 but like I said in my post, it could bounce at 27 and retest 29.. today it bounced at 27
Comment:
367 it's headed there.. If PCE comes in Hot we're flushing back to 360
