Yesterday’s intraday reversal off the lows felt weak, the test is this morning…will we see follow-through weakness from Tuesday?
For now we remain short SPY and IWM.
Two stocks to watch:
Biglots (BIG) with its big gap down this morning may eventually have room down to the $35 area.
CMG is on the verge of a move in either direction, keep it on the radar.
EUR/USD still moving higher off the breakout..if it continues equities should have a hard time selling off