Not Holding My Breath

I would love nothing more than to see a break of 1300 on the S&P 500. While the outbreak of war in the Middle East didn't scare them, lower prices usually does the trick. Unfortunately, the market will be oversold at the end of the day today through Wednesday. Its not a great oversold reading but if the bears could not do it when the market was overbought I am not holding much hope that they will be able to do it now. Have a good night.

1 comment:

Anonymous said...

Seems the market is resilient.
Waiting for a crude down day to roar higher.
Only down 2% from top while half of the world is busy protesting.
I don's see any further significant downside. VIX is up too much today everybody is overhedged and waiting for more selling.