THe Trade In Whole Foods (WFMI) Is Working Well So Far
As discussed several times the past few days, the unfilled gap (blue zone) still looms. So far this trade is working well as we just retested the low levels from last week. I am looking for this gap to close, which will be my profit target.
Important Level Here On The S&P 500 . . . Watch!
Right now the S&P Futures are right on top of the gap from last Friday. Watch'em here…if the gap fills we're right near $1300, which was the low from last week.
I’m Watching The Dow Jones Transports Here
The Dow Transports are huge underperformers today, almost twice as weak as the rest of the market. Note $90 remains an important level on the IYT. I have a target of $88 on my short position.