Wednesday, September 15, 2010
Small Gap Up
If we close around current levels, I am expecting a gap up that will take us to around 1125, or SPX 1130, the much talked about top of June and August. That will probably be a good spot to get in for a short, with a price target of 1105, or a gap fill of Monday's gapper. After going down to 1100-1105, I expect another push higher to around 1140.
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2 comments:
Ok, looks like you answered my question (see previous post comment at 3:40pm). Thanks Owl.
Jobs number will determine whether or not we gap above the resistance line. They say if we both finish green on both the markets and the VIX, there's a high probability of a bearish day the following day. I'm not all long, so I hope we go bearish.
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