On Monday I am looking for a retest of the of SPY all time high. To take a short I am looking for a higher high and a weak close. The LBR Oscillator making lower high with negative momentum. And Volume Delta is already negative not confirming the new highs. Stop should be high of the day.
The SPY, DIA and QQQ continue their strong rally and for most traders and investors they appear overextended and hard to get long at this levels. The Russell 2000 just broke out of a seven month consolidation and offers a low risk opportunity to get long exposure to the markets. I am playing for a sector rotation into small caps and and a catch up rally to SPY and...
