Wow...... 4 more days like today we will be back to old time highs on all major indices. I would like to see that happen on Friday but it is just impossible. Q's closed above 10MA, 20MA should act as strong resistance if we get there. I will sell into strength tomorrow and start to build short positions betting on a down Wednesday if tomorrow is up. Have no idea what is going to happen beyond that.
As I said before, the low will be re-tested. Ideally to be at least 2 weeks apart. If we test last Friday's low this week then we very possibly go lower. |