Good morning Bernard You may get your 9000 this week in a blow off top where the Dow will be the last to make new highs but succeeds due to Delta hedging as we are above Max-Pain. A couple of targets for the SPX are 975 and 998 that I am stealing from velo. He is calling for Friday to be the end to the Ramp.
Of course 950 could still be resistance on the SPX and we Gap and Crap right here. Good trading Bernard steve
Maybe we have Buyer exhaustion because futures were ramped pretty good and the open had buyers but the market looks lost now. by that I mean we are stalled not selling or buying. There is no volume here, sellers are not moving this or we would drop in a hurry. steve
Oops Sell but watching Support The up move at the open followed by a move below the open is an Oops Sell signal so far. Will be watching to see if the Support from yesterday will continue to hold, or at the 100/320SMA. Watching the TRAN and the TRIN also. Markets still in buy the dip mode? Enjoy the Day Bernard! :^)