As I have been discussing all of August, a pause between 1040 and 1080 on the S&P would be suspect. Not too surprising then that we would gap down to 1040 on a Friday morning and then see a ramp job on little volume into the close.
We are at another decision point. Monday and Tuesday should define where we are at. If we head up I will be forced to close my shorts. If we head down, I will be a part of a very suprising and damaging 3 of 3 down. I am shockingly on the fence.
We are at another decision point. Monday and Tuesday should define where we are at. If we head up I will be forced to close my shorts. If we head down, I will be a part of a very suprising and damaging 3 of 3 down. I am shockingly on the fence.
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