Done. Not much of a retrace higher either, so this week was basically a consolidation after last week's huge reversal. If Monday is strong it's possible next week will be a decent up week. But in absence of that - I think we'll slide lower next week and even pick up momentum lower. 3250 or more.
Agreed. We're likely to hear the SOS.....interest rates near zero, inflation can go to the moon, etc. Only thing of interest would be a comment on the need for more stimulus....extended unemployment benfits, more PPP, etc., etc.
This could be what finally takes the market down. I'm beside myself. https://www.cnn.com/2020/09/13/business/no-peeps-this-year-production-pause-trnd/index.html
Short 66. Stop @ 80. Targeting 30 or more. Will re-evaluate if not stopped. It's quite possible that Monday will be a barn burner and put in the Week Low for a decent Up Week. But the R/R for a short looks good from here regardless.