Hi Gang! sorry for the late post but I'm taking on some other things a few nights a week. I believe we could see a light rally tomorrow as we seem to have some anticipation of details on mortgages. I have given you on a chart below with the levels to watch for tomorrow. Confirmation at this point needs to show up on the downside or we could find ourselves reversing up again. This week is option expiry so expect the volatility and whipsaw to continue. Also another important pivot to watch is the 80 even number on the SPY today. It was a wall or resistance all day Tuesday and a close above that level on a 10 min. chart would push us a up for a nice trade. I suggest still to remain cautious, small and intra day on all trades as we are one announcement away from a reversal gap that could look similar to last Thursdays final 30 minutes. Cheers!
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