Reposted from The Daily Stool at The Stool Pigeon’s Wire.
Meanwhile, back at the market, the futures extended the rally in Asia, but Europe woke up and was sheptickle. When I woke up this morning, I opened this chart on my phone and the ES was right at the top of the channel. I don’t trade the fucutures, but I thought, I really should get up and go short the SPY right now.
Click to engorge.
I didn’t.
But I did come in this morning with one long and one short. Prepared for anything. In other words, I’ll cancel myself out… at best. 😄
So let’s look for support at 3900, and we’ll find out who’s in charge of the trend. We still have lower highs and lower lows, but that could change depending on what happens on this pullback early this morning.
If you missed it, here’s a look at my daily stock screen output.
Meanwhile, back to the future:
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