Friday, February 20, 2009

Possible bounce area (21 Feb 2008)

Im not in any positions, staying in cash and I don't think I am missing anything. OpEx days are like that, MMs tend to try to keep markets close to where they want it to be. Usually the first half of the day will bore you to death....but sometimes things do happen on the second half of the day.

We are very close to a confluence of fibonacci levels, technically we should get a bounce between
SPY 72 - 74.

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