I am still looking at the stock market re-visiting the area of the near-term highs. I am not bullish but rather playing this market for what it is as of Monday: Chop. Grab the Dramamine. It’s still gonna be a bumpy ride.
I am still looking for more near-term upside to the resistance of this now distribution market. Here are the levels to watch.
You might also consider 4 ways to cut an AAPL? Whatever you’d like to call it, I think there’s a few things to think about when considering trades in the tech giant next week.
While today’s rally was great, it’s not time for bulls to celebrate quite yet.
If you want to know what’s going to happen next, watch this cross.
First is the high of Monday’s sell-off. Second is the distribution market highs. Stay bullish. I am, for now.
It’s a tie ball game. The market rallied back to Monday’s sell-off high. Now the question is higher still? Since the FOMC is still waiting in the wings, it may be tough for traders to fade this move in a big way.
