Value of Perfect Information

A lack of gap down, most likely keeps a few things on support levels, and as a result the sell off on Monday would be limited.

However, a gap down would be a great sign for the bears as some indices/sectors are still on key support levels, and therefore would be below those support levels.

My plan is to hold core short regardless of gap. In other words a gap down is great for me, if not I expect the upside to be limited. The big move is on downside and not on upside so I will not fight this notion.

OSX open below 189.18 is key. Upside is bound around 191.37

SPY

SPX- key SPX area this week for support would be in the 1068 area. Area to watch on daily and for weekly

Categories: Charts , Markets