Market is way over bought.
later today the 10 sma will serve as support.
This drop in futures is normal and healthy for the move.
Market needs to create a bottom in a trading range and then wait for the 50 sma to catch up until next week to go even higher.
Conversation
Replying to
What’s your opinion on what’s going on. Didn’t expect a complete wipeout of yesterday .
2
Show replies
Replying to
what do you think? do we see a bounce off the 50? Not close to a sell signal from the system but s&p right at 50