The chart of SPY shows that we have arrived at a significant pivot point yet again.....That is one reason why I exited all my positions. I am expecting either a huge rally or a pullback to somewhere between 101 - 102.
Whichever it is, I hope these MMs won't make life harder for market participants by gaping up/ down....Modern investors aren't stupid, they know the risk rewards before putting anymore money on the table.
I will assume a neutral stance going into next week. Here is my watch list:
SPY, HES, V, FLR
