Choppiness to Persist Into Friday? As we wrote in our trading plans for yesterday, Tue., 03/28: “However, our models indicate the risk for the markets to spike to the upside rather than to the downside, owing to the potential for quarter-end window dressing. We will get more clarity on this potential as we approach Friday”. (more…)
Markets Approaching an Inflection Point? (theme continued from yesterday) As we pointed out, S&P 500 index registered eleventh consecutive green candle on the daily charts (on an open-close basis) on Friday, 01/18, and it was to be expected to be broken, which it did yesterday with the close in the red. The index is now (more…)
Markets Approaching an Inflection Point? S&P 500 index registered eleventh consecutive green candle on the daily charts (on an open-close basis) on Friday, 01/18! The index is now resting near the big resistance level of 2675, and if it closes above 2675 on a daily basis then we are looking at 2710-2715 area as the (more…)
