Hey folks!!!!!!! Hope you guys are having an amazing weekend. Interesting markets we are in! up till about 3pm on thursday it looked like we were for sure going to breakdown in the markets with the s&p testing some serious support intraday and then bam! A rumor was flooded thursday afternoon that got confirmed by market close which caused a massive gap on Friday. Is this the turn? its hard to tell we have had fakeouts before but remember in the past when central bankers & governments have united to flood the market with money we have gone on multi week to multi month runs. The chart on the s&p is looking pretty bullish if we follow through this week and take out our prior highs then back to 52 week highs we could go on the s&p. Overall im pleased with the look on the markets so far it could be much worse. It does suck to miss so much of the big rally on friday but gap days are just do damn tricky. The market gaps up 2% and pretty much stays still the whole day with no dips and no rips really it makes day trading nearly impossible. Thats ok we dont have to catch the first day of any move we just have to be there to get the meat of the move and we will be prepared for that.
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