I think 1150 is the top, but I believe we will revisit that area again. Today's weakness gives a good clue that the market is topping out. That doesn't mean we go straight down, it just means that the upside will likely be contained to 1150-1155 area. I don't want to be short ahead of the FOMC meeting, so I will likely wait till Tuesday afternoon or Wednesday morning to get short. But the set up is lining up for a monster drop in April.
No comments:
Post a Comment