SnP

Anyone fancy stickin ther neck out and predicting whats gonna happen to the SnP today ?

 

chop-a-lot

 

I'd go along with that, choppy, ending flat - ish

 

(2) possible scenarios for next couple of days or so:

Push up through 990 into the 1010 area or,

Push down through 970 support & retest at 950.

Scrap these if this doesn't happen today.

Of course, if it winds up relatively flat, this at least will make the day somewhat interesting.




Much Success,

 

So basically it might go up or down, seems your perfectly hedged

 

Last night after mkt the SPY broke the prior days highs(99.10) which in an uptrend would suggest a continuation today. But then again, thats all hocus pocus right? I am long a little bit at 99.10 with stop in at 98.19

 

SnP index?

 

SPX = SPY ETF (SPX, SP* proxy)

 

down to 976.5 - yesterdays low area - perhaps

 

reason for stop @ 98.19?