Market breadth hasn't turned really bearish yet. I see little buying on Friday not enough to get excited.
I am not really excited about either side movement. I would like to wait to see market breadth movement before making decision. I usually don't like to trade around the resistances and around the little market weakness. S&P made 4th close around 1314 in last 6 trading day.
Big caps are not showing much of a movement as well. I see most ended up in negative territory but still not enough volume to ready for best bearish trades.....
I am not bearish yet but negative market breadth of close below 1305 may change my mind. Keep you stops tight and start taking some profits from your long positions
I am not really excited about either side movement. I would like to wait to see market breadth movement before making decision. I usually don't like to trade around the resistances and around the little market weakness. S&P made 4th close around 1314 in last 6 trading day.
Big caps are not showing much of a movement as well. I see most ended up in negative territory but still not enough volume to ready for best bearish trades.....
I am not bearish yet but negative market breadth of close below 1305 may change my mind. Keep you stops tight and start taking some profits from your long positions
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