“It’s options expiration week, but you’d be a fool to be long this market—even the Greeks are pulling their money out of the bank,” said Todd Schoenberger, managing principal at The BlackBay Group. “Then you have the Fed meeting next week and if the market doesn’t hear what it wants to hear, we’re going south and it’s going to be one of those shock-and-awe trading weeks…it’s going get really ugly.” quote from the article on cnbc http://www.cnbc.com/id/47812235
P.S. cnbc is a speculative news source, so read between the lines.
I have no idea what to believe anymore. I just trust my 1 min and 3 min charts along with my lovely ADX and Fast STO MACD RSI :)
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