The Market (#SPY) Closed again at all-time highs and I anticipate a strong opening tomorrow. This morning we tested the support of the trend line but failed to trade lower.
I am not expecting to hold, much longer, that inclination of the trend but until it doesn’t I am not going to question the bulls.
The trend was flat today until lunch time when the market took off. Bellow you can see it on the chart.
The VIX still trading in lower range for the last three days – which is positive for the option strategies.
#Gold is not finding support and I am expecting to continue with the downtrend. Many other players have positions what will be positive If they press the metal lower.
