Contrary to my thoughts, they run this market higher in front of the indictment news. I suspect that will lead to a sell the news reaction when it's announced shortly. Getting very choppy. Bigger picture, they have held the levels they had to hold on the daily charts. That should lead to another test of the 1200 area. The next time up offers a better chance to move to the next resistance level of 1210 SPX. Talk about a tough road higher!
The Daily Dose of Trading Comments
Here you'll find short quips concerning the market mood and direction posted intra-day as the market dictates and time allows. You can find TATs strategy here. Comments here are from a trader who trades for a living.
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- The indictment announcement is due out in about a ...
- The little HS pattern failed and now we are seeing...
- The SPX seems to be carving out a little inverse H...
- They are showing a nice spike to start the day but...
- Yesterday was dreary and they took these markets r...
- That was ugly and after hours doesn't look much be...
- Well, we are there again; at the inflection point ...
- The disgust and ugly trading continues and it has ...
- This market looks and feels very ugly this morning...
- The market continues to struggle. I've been riding...
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