The SPX seems to be carving out a little inverse H&S pattern intraday (yesterday and today) right now and that projects to a break of the morning highs. If that happens, then the market will have a little more solid footing and it may translate to some buying in the more beaten down stocks like the semis. I've worked my short early on the SPX futures and am waiting now to see if we can break 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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