Tuesday, March 27, 2012

S&P500 - Quarter ending this week...


An exhaustion gap appears at the end of a trend and its usually a sign of shifting momentum.
Until I can be sure, today´s gap could also be a continuation one, which would point, as the daily chart, to 1433/37 until the end of the week.


I will stay neutral above 1414...


As defended yday, I would not trade a straight move up, but I am definitely curious about the nature of today´s gap, as participants, for now, clearly already made his bets at the open. They bought calls, while dumping protecion, again...



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