Friday SPX bounced off Oct/2007 high (well, came 1.5pt within range of it) and the bulls must hold the level this week, unless offcourse we gap down into open tomorrow and selling resumes. My bias is for a bounce here and I'm looking to SELL on a bounce type setup ($ES_F trading -6pts lower at the time of writing)
Friday SPX bounced off Oct/2007 high (well, came 1.5pt within range of it) and the bulls must hold the level this week, unless offcourse we gap down into open tomorrow and selling resumes. My bias is for a bounce here and I'm looking to SELL on a bounce type setup ($ES_F trading -6pts lower at the time of writing)