The market will have a see saw battle between the bulls and bears. If the market closes where its opened today, the market will likely retrace back up slowly in coming days. This morning the market gapped higher and it did closed the morning gap.
1. USO is an oil ETF. If USO bounces off from 36 support level, then the market could retraces back up from the drop off from last week. 2. GLD is a gold ETF. If GLD bounces off from 106 area, support level, the the market could retraces back up from the drop off from last week. 3. DXY is a U.S. dollar index. If DXY breaks above and closes above 79, the market will continue to tank. Although the DXY have been forming indecision signals the last 3 days. 4. SPY has a strong support level at 109. 5. QQQQ has a strong support level at 44.
The market will have a see saw battle between the bulls and bears. If the market closes where its opened today, the market will likely retrace back up slowly in coming days. This morning the market gapped higher and it did closed the morning gap.
ReplyDeleteOther stuff to watch out far.
ReplyDelete1. USO is an oil ETF. If USO bounces off from 36 support level, then the market could retraces back up from the drop off from last week.
2. GLD is a gold ETF. If GLD bounces off from 106 area, support level, the the market could retraces back up from the drop off from last week.
3. DXY is a U.S. dollar index. If DXY breaks above and closes above 79, the market will continue to tank. Although the DXY have been forming indecision signals the last 3 days.
4. SPY has a strong support level at 109.
5. QQQQ has a strong support level at 44.