Friday, January 27, 2012
No S&P video
The video for Friday won't upload.
Here's a recap of what I said:
We took out Wednesday's highs but couldn't do much more and we sold off for most of the day, with a rally at end of day. this is either the start of a deeper pullback or close to the end. I'm not bearish, but I do think we could trade down a bit more. the 20 day exponential moving average is a target to watch.
I won't be there for the open today, but I would be watching a gap for a fading op and then see what sets up int eh morning for a possible move. It is Friday, so we could stay rangebound into the weekend.
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