Please understand, I do a Million things, and the last of which is sit here and try and get Blown, by writing this blog.
Today's action... The more times the market bumps up against resistance/support, Like that red Trade Channel, the more likely it is to break through that resistance/support. The early morning test of that level, I did not find encouraging to my 109.50 target on the Spy.
I do want to say, I told Tony to buy it, and just see, but it didn't act well during the day, and seemed to want to act like a "Failing" bounce.
I want to add, I also told that to tony, and suggested that the best thing would be just sort of trade with the swings, as you can.
It's still possible to get 109.50, but I did sell the close.
this was of course before I realize "Nobody wanted to hold them into the Weekend" Which I would have taken as Contrary sentiment.... my prediction for Tuesday is Up 3-5 on the spx.