The market is continuing to be volatile.
The SPY had trouble breaking above 109.50 to 110.00 level and stay above.
Lots of investors are expecting to see the right shoulder and so do I. But the more I looked at the charts there could be no right shoulder forming. Since March 2009, there were hardly any head and shoulders pattern at all.
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The market could begin its second leg down from here.
ReplyDeletesold my tna from yesterday for +$1.02 earlier on the last b/o.
ReplyDeletecuinc
I'm going to wait until the week finishes out before putting on anymore positions.
ReplyDeleteSo much volatility.