A fund is swooping in to squeeze the shorts and that has pumped up the averages. This sets up a beautiful gap down opportunity for Monday. I will be selling the close looking for a gap down on Monday as long as we close above 1061.
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5 comments:
Dude you're gonna short here?
That's crazy. We could go higher on Monday.
Epic day on the SPX.
What a reversal.
I would have killed it today if I was still daytrading.
Bet some daytraders had 100K days today.
I am short. I think we gap down on Monday.
Well I hope it works, I'm still 60%long. I think we can go a little higher.
The selling the last week was just out of control and I think the bulls are going to want their revenge a little bit more than a measily 20 points.
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