There remain many mysteries about the markets these days. Mystery buying mostly. There are many aspects that would suggest that a continuation of the downtrend should be expected - overhead support - particularly S&P500 past 1112+ will break the previous high. TICK has not seen -1000 in quite some time, so this would suggest a bigger move is coming - direction? And yet other indicators (NYSI) would suggest that a move up is entirely possible. Tomorrow is a significant news day with GDP consensus, Chicago PMI, Consumer Sentiment, and Existing Home Sales. Watch and Learn.
No comments:
Post a Comment