Retest

After such a strong run a retest usually occurs. While I was expecting a retest at some point I must admit that I  was starting to think it would be after options expiration. In hindsight the call buying this morning combined with the inability of the market to rally was the clue that the market was going to have a tough time. 1150 should serve as strong support for the bulls tomorrow if the bears wish to test their resolve. Have a good night.

2 comments:

Anonymous said...

Are you still long gs?

Tsachy Mishal said...

I am but Im also still short Citigroup.