Market has been rolling over for a while. Some breadth measures getting extemely negative (e.g. percentage of stocks below 50 day ma). So, probably an oversold bounce is in the offing. Nothing looks good on the long side, with the possible exception of of energy, but that's also beginning to crack. It's a time to observe closely but do v little (on my time frame).
S&P500 heading to 3600???
Market has been rolling over for a while. Some breadth measures getting extemely negative (e.g. percentage of stocks below 50 day ma). So, probably an oversold bounce is in the offing. Nothing looks good on the long side, with the possible exception of of energy, but that's also beginning to crack. It's a time to observe closely but do v little (on my time frame).
4200 held on the SPX so tomorrow will be a big day possibly testing it again.