With traders unwilling to chase strength, I expect a gap down for Friday. The bears have been maimed today, they can take a couple of these 3% whoppers, but 3 strikes and you're out. We are going higher and likely to bust through 1100. I am staying away from the short side for a while.
I made a trading mistake for today. A surprise gap down would eliminate that mistake. So, I'm hoping for a gap down. :(
ReplyDeleteWe've had 3 surprise gap ups. I'd like to see a surprise gap down tomorrow (I made a trading error). A gap down will correct my error.
ReplyDeleteRetail sales at 8:30am may set the tone for tomorrows trading
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