I fear we may be sideways from here today. On the daily, SPY is tightening its range down and we have a gap above and below to fill. I believe many have said they feel the gap above will be filled first then move down to fill the below gap soon after. I'm beginning to believe they are correct.
I wish I was in a spot to post a chart but the cone, including the peaks for the days it gapped up and down, would put tomorrow or Friday as decision day. If you don't include those days, the chart would indicate a move next week early. I am leaning toward tomorrow or Friday with OPEX week in mind.
I wish I was in a spot to post a chart but the cone, including the peaks for the days it gapped up and down, would put tomorrow or Friday as decision day. If you don't include those days, the chart would indicate a move next week early. I am leaning toward tomorrow or Friday with OPEX week in mind.