We confirmed a Swing Momentum Sell on Thursday and despite a "Best Fade" Buy, we saw our day trade shorts work out nicely, despite no eod weakness. Today we snagged another 10 points for both our day trading models.
This is suggesting to me that we can see more meaningful weakness, but overall, the sentiment is such that I just don't see a whole lot of downside. Certainly nothing to panic over.
In fact, if my "Secret Hedge Fund" indicator will give me a Buy, I'll be hitting the long side. That's going to take a bit, though.
Mark
