I don't mean to be a "Debbie Downer" but the markets are boring me to death. There are no significant moves one way or the other. Volume has been pathetic the past 2 weeks, granted, it has been picking up during option ex week.
I am expecting a move tomorrow or early next week. We just have to wait out the "institutional games" of this week as institutions attempt to rob people.
If you're short the market, like I am; don't panic if we have a close above $113.20 SPY. On the QQQQ watch the $48.00 level the bears should not allow a close above it.
The markets are doing the same thing they did early August. That is, fight $113.20 resistance while hovering above the 200 day MA.
***WATCH BSPM $2.20 IS GOOD SUPPORT. I will be picking up some shares when it gets there (cheers)
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