Well, I hope we go up on Monday, so it's definitely going down - not to mention we used to have all the Black Monday! threads, and now we're left with BTFD!.
gap up about 1pt on the spy, pump it up an extra .50-.75...then pull the rug out from under all of the buy the dip players.
I didn't see FI go up across the board, only a tiny bit. Dumb money was pushing this rally, there are many funds that have to rebalance at the end of the month. At the end, we're only speculating so that's my thought. For a risk-off mode i'd look to see things like municipals go up.
I have no idea. totally out of trading ideas. low time of discretionary swing trading for me I wish I had some kind of high % win $3000 software to say what to do on monday.
Don't know his thinking but I've got a line at 1619 which would be an old S/R line. Other line that was support and got busted on Friday was @1632. I'd be looking for that (1619-1632) to be the range. Trending toward that 1632 line as I write this. If it manages to get past that before tomorrow morning, next thing I've got is 1647. Busting that 1647 line is what really got the momentum to the downside going IMO.