JNS GFF UXG SSP

Good morning. The market held support yesterday and bounced back to fill the gap in the afternoon. Futures however are soft again as we embark upon the last trading day of the month. There’s no real reason to favor one side too heavily unless and until we break from this consolidation. For SPY, I would interpret that to mean action above $120, and then below $117.75, which also corresponds to the 50day EMA.

——————–

———————

Advertisements
This entry was posted in watchlist and tagged , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s