“Expect the best. Prepare for the worst. Capitalize on what comes.” Zig Ziglar
Markets continue to rest off high levels and that is great.
Now the question is do they just back and fill in a constructive manner, or do they look for a deeper correction.
We should get this answer by the end of the week.
As always, during earnings season, things can change on good numbers from a heavily weighted stock within the indexes.
ARCA:SPY filled the 211 gap well and is holding for now.
Let’s just see if 211 can hold, or if we fall further.
I’d love to see some trading between 211 and 213, but if we hold under 211 on a closing basis, then we look to 210, then 209 for the next support levels.