Tag: bottom

Don’t pick your nose or bottoms!

The question on every trader’s mind right now is if we will test the lows from a few weeks ago. I’d be more worried about whether or not the indices will close below that low. In other words, in taking what the market gives, odds are that it will test the lows; especially when everyone

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Manic Rally!

The $941.50 level I pointed out in the broader market (78.6% retracement) was steam rolled last week. Now, after today’s manic rally, we are back above that level. Keep in mind that the candles in the $SPX chart below are monthly candles. That should give you some idea as to what to expect as there

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