I am not the gurus of market moves. In my opinion we should see an actual close in the red. Today seems like a normal momentum style move with no signs yet of exhaustion.
I am still assuming the higher number in the 2800 area. Just hedged with an alternate possibility. heck my mind can't grasp why we should ever get this high so i am fighting my natural pessimistic inclination here.
If i was an automaton using my assumptions i would be doing fabulous. I have stayed away for a lot of the moves i actually saw. More comfortable in the bear camp and bear moves.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.