SOME THOUGHTS ABOUT S&P 500 FOR FRIDAY1/31/2013
JUST SOME THINGS TO WATCH FOR TOMORROW 1/31/2014:
- TODAY THE SPX OPENED BELOW THE CURRENT SUPPORT TRENDLINE AND CLOSED ABOVE IT. THAT MEANS THAT FOR TOMORROW WE MIGHT SEE SOME STRENGTH FINISH OUT THE MONTH OF JANUARY.
- KEEP AN EYE ON THE GAP THAT OCCURED LAST WEEK......WE MIGHT SEE TRADERS TRY TO FILL THAT GAP SOON. WHO KNOWS WE MIGHT JUST CONTINUE HIGHER...BUT THAT GAP WILL COMMUNICATE WHETHER WE SEE STRENGTH ABOVE IT, OR WEAKNESS IF PRICES CAN'T TRADE ABOVE IT.
GOOD TRADING,
HUNTER
- TODAY THE SPX OPENED BELOW THE CURRENT SUPPORT TRENDLINE AND CLOSED ABOVE IT. THAT MEANS THAT FOR TOMORROW WE MIGHT SEE SOME STRENGTH FINISH OUT THE MONTH OF JANUARY.
- KEEP AN EYE ON THE GAP THAT OCCURED LAST WEEK......WE MIGHT SEE TRADERS TRY TO FILL THAT GAP SOON. WHO KNOWS WE MIGHT JUST CONTINUE HIGHER...BUT THAT GAP WILL COMMUNICATE WHETHER WE SEE STRENGTH ABOVE IT, OR WEAKNESS IF PRICES CAN'T TRADE ABOVE IT.
GOOD TRADING,
HUNTER
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