S&P is in the consolidation phase right now. S&P has immediate support at 1352 and if S&P goes down then we may see much lower price.
Market breadth shows selling building up in this market. As I said it before, this is a good time have tight stop or start taking some profit from long positions.
Oversold-Overbought ratio is still in negative territory.it basically shows that stocks which were extended are having consolidation or pullbacks.
Have your tight stop in place and will see how market behaves from here.....
I am not feeling comfortable to trade unless we have a very strong setups....
Market breadth shows selling building up in this market. As I said it before, this is a good time have tight stop or start taking some profit from long positions.
Oversold-Overbought ratio is still in negative territory.it basically shows that stocks which were extended are having consolidation or pullbacks.
Have your tight stop in place and will see how market behaves from here.....
I am not feeling comfortable to trade unless we have a very strong setups....
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