From the Link:
It appears the market could go up tomorrow.
“Could go up”, I say that hesitantly because for end-of-the day swing traders like me, this has been a rather confounding week. On Monday, all of my swing signals (based on price, breadth, volatility) were on sells for Tuesday – Tuesday the intraday market went up. At the end of the day Tuesday all of the signals were on buys for Wednesday – Wednesday the intraday went down. At the close Wednesday, all of the signals were again on sells – today the market went up again.
Well, in SPY’s case it went back up into the Monday’s price range – in other words, sideways, sideways, sideways…
For more and the chart:
