Tomorrow I'm looking for a sideways to up market retracing us back to the SPY $141.00-$141.20 levels and then we should see a fall. If we gap down and begin selling off tomorrow, $138.60 is very good support.
..Thursday, March 29, 2012
Market Wrap Up: 3/29/2012
Today's green day did not come as a surprise since the SPY wasn't expected to break its 20-day moving average. It was surprising to see how robust the late day buy program was though. I'm still short this market and still believe that a market top is in place.
Tomorrow I'm looking for a sideways to up market retracing us back to the SPY $141.00-$141.20 levels and then we should see a fall. If we gap down and begin selling off tomorrow, $138.60 is very good support.
..
Tomorrow I'm looking for a sideways to up market retracing us back to the SPY $141.00-$141.20 levels and then we should see a fall. If we gap down and begin selling off tomorrow, $138.60 is very good support.
..
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