Expect morning overbought gap up to fade and fill Gap windowExpect morning overbought gap up to fade and fill Gap window.
This happens all the time!!! easy morning day trade!
SSO
S&P 500 is at or close to a Major Bottom..When the Squeeze momentum starts to get into the negative 20 to 30 range, a major low in the $SPX -3.09% presents itself. There could be a quick plunge down to 2575-2625 area but personally I have already started to scale into longs and will keep on adding on each 0.25% lower.
SPX500 shows signs of making a significant overnight moveI am a bear at heart, but I perceive that a strong buying interest is afoot with the SPX500 tonight. Why the interest? Seems to imply that certain NFP knowledge is "out there" or strongly speculated.. Just my opinion, and not a recommendation to buy or sell.
I am not trading indices at this time, I'm only long metals and miners... I feel that SPX500 rips up strongly here.
"25" IS THE MARKET BOTTOM THEY SAY........TAKE ANOTHER LOOKBe prepared for anything.....Markets can go lower and extend faster than most people think.
"25" may bring a short term bounce if it gets there. Only follow "The Language of Price". It is all that matters.
