Why a 1% Gap Could Set the Tone for the S&P 500 This Week
THE S&P 500 FUTURES START THE WEEK WITH A -1% GAP, DESPITE FINISHING ONLY 2.7% SHY OF THEIR ALL-TIME HIGH ON FRIDAY. INVESTORS APPEAR UNFAZED BY DOMESTIC U.S. ISSUES AND GLOBAL GEOPOLITICAL TENSIONS—SUGGESTING EITHER POSITIVE NEWS IS AHEAD OR THAT COMPLACENCY HAS REACHED A DANGEROUS PEAK. THE 20-DAY MOVING AVERAGE NOW SITS JUST ABOVE PRICE, AND TODAY’S ACTION WILL CLARIFY WHETHER BUYERS DEFEND OR SELLERS PRESS THE ADVANTAGE. REMEMBER THE LATIN WARNING “ALEA IACTA EST” — THE DIE IS CAST. THIS CALM COULD BE THE SETUP FOR A VOLATILE WEEK.
SAVE THIS POST & COMMENT: WILL WE SEE A BEARISH BREAK OR A BULLISH RECOVERY?
#TradeSober #SP500 #GapDown #WeeklyOutlook #MarketSentiment #PriceStructure #TechnicalAnalysis #RiskFirst #TradingPsychology #MindOverMarket
Comments
Post a Comment