Scans don’t give us a large indication what to expect on Monday. However, watch for a potential price spike this week that gets quickly faded. A gap up on Monday would offer a good shorting opportunity.
Sunday, August 17, 2008
Watch For The Fade
On Friday the SPY rose slightly out of a pullback pattern, but on shrinking volume.
Scans don’t give us a large indication what to expect on Monday. However, watch for a potential price spike this week that gets quickly faded. A gap up on Monday would offer a good shorting opportunity.
Scans don’t give us a large indication what to expect on Monday. However, watch for a potential price spike this week that gets quickly faded. A gap up on Monday would offer a good shorting opportunity.
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