Telegram Trading

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Assessment: Something to watch. If the market rallies on a debt ceiling deal it might be a good rally to fade. Reason being, nobody really believed in the market that a deal would not be coming. There was a chance but if the markets see an overextended rally, I will be looking to fade such a rally once it appears to be topping out.

Otherwise…stuck in between SPY $415 and $410. While the index has been stuck there, it’s been held up mostly by the Top 10 stocks in the S&P by market cap…lead mostly by technology. If those ever have weakness, it could get ugly and fast.

Good luck in your trades!