Cobra's Market View Private Messaging System shows:
I have no idea about tomorrow because I don’t see any tricks I’ve been using so far for the last couple of weeks.
Four points for you to consider:
- SPY opened with an up gap for 4 days in a row. What about the 5th day?
- From the today and yesterday’s market actions, looks to me that it’s very difficult for SPY to hold the 10th up gap. Both gaps were filled intraday.
- Tomorrow will be the end of a 13 trading day cycle (purple vertical lines), so could potentially be a turning point.
- Seasonality wise, tomorrow is the 2nd most bullish day in Aug.
