Wednesday, November 6, 2013

Yellow Light Warning

Yesterday we closed below the Primary Pivot (green line) on the SPY.  Market direction is not clear.  No trading today.  We must wait for a proven direction.



ES is above the PP in the early morning.  This is a clue we may go higher today on the SPY as well.  Wait for close of the market today on the SPY and if we are above the PP we will go long tomorrow on a pull back and bounce on the PP.


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