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S&P 500
5,782.76
(
1.23%
)
US TECH 100
19,735.20
(
1.52%
)
Dow Jones
42,221.88
(
1.02%
)
Brent Oil
75.07
(
-0.43%
)
Bitcoin
73,411.95
(
5.91%
)
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Longtrader783

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Alias Born 09/25/2009

Longtrader783

Re: None

Monday, 11/02/2009 7:11:16 AM

Monday, November 02, 2009 7:11:16 AM

Post# of 188584
My S&P Predictions for this week

On 10/30 The S&P dropped sharply. It fell below its 50 Day Moving average. I think we will get a bounce Monday because of oversold conditions. The Vix jumped to 30 on 10/30 indicating fear is starting to return. That usually means any piece of good data will bounce the market up. However, I think that will be an opportunity to take profits because it now appears the market is in downtrend.
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