One thing I've read, was a GaryB Smith column. One day up, one day down. Can't expect continuation on anything. Well, if it stays rangebound and builds a base, that would be healthy. Basically it reasoned why the market could fall as much as it gained on Thursday, on Friday, which it did.
2 things
Seen every rally into the Fed meeting and fade, so expecting a fade on Tuesday or Wednesday.
Also, seen every rally on Thursday and Friday of employment numbers for almost 5 months now. 2 consecutive rally days will boost confidence in these markets. So by Thursday, if we haven't broken support, we're headed higher.
p.s. See how CAT is responding after a warning, very positive for markets, basically saying I can't go any lower. |
