After the strong open, we had a continuation of the move to 1766. Our stops mental stops are in the zone 1735 – 1730. I am glad we moved again from there.
The big question now it is to believe the bottom or is just taking some air before another push down. My personal opinion in bellow however I am still bushish. Friday we will have clearer picture after the data is release.
Today was a complex day to enter long, thus most people what where not long from yesterday, most likely miss the trade today.
The Market internal shows a large sum of cash entering but not larger than the last days to the down side. My total portfolios is long, looking to reach 1780 again
SP500 needs to test 1780 to stop the shorts and then trade to 1820 for a continuation to the upside.
