Market saw its first day of selling in nearly two weeks but was able to close in green on lighter volume. Markets are in clear bull mode for now. Sector wise materials were higher while financials/semis led to downside. Indexes are extended to upside and they need to work their overbought condition by correcting thru price or thru time. SPY is reaching its June resistance and has put a hangman today and bears may try to keep a lid there for next few sessions.
Shorting this market has to be fast and a quick day trade because trend and momentum is up.
Personally I didnt do a whole lot today and will wait for prudent entries
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About Me
- Sid
- A techy at heart who tries to keep in sync with ever changing technical and business world. A producer, architect, developer, leader, all rounder, like to do what I really love- Technology
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