With the yen softening and treasuries falling, we may see a further round of bids in equities for a test of the 820.50 level. I will look to buy dips with stop below low of day so far.
My strategy for the rest of the day: Looking to sell around 814 for a lurch down towards 800. Obviously wrong if we trade at 821. If we break 800 I would be looking to add to the short on any 5point bounce.
Next support on SP is around 807 level. I'll be a scale down buyer from there down to around 797.
ReplyDeleteMy other buy level is a break back above 825.
With the yen softening and treasuries falling, we may see a further round of bids in equities for a test of the 820.50 level. I will look to buy dips with stop below low of day so far.
ReplyDeleteOil broke 42 on volume, this looks bad for the S&Ps, im out
ReplyDeleteFailing to get above 820 was VERY bearish in opinion. I think we go down to test 797.
ReplyDeleteNow let's see if that 807 support from yesterday can hold...
ReplyDeletei am back again, i think we are going to rally
ReplyDeleteMy strategy for the rest of the day: Looking to sell around 814 for a lurch down towards 800. Obviously wrong if we trade at 821. If we break 800 I would be looking to add to the short on any 5point bounce.
ReplyDelete