Holiday traffic is done, can the rally continue or is it time to get short? Plan for Mon Nov 27
Friday’s action was muted. Tight trading range. Edge only generated 19 signals. Here are the top signals generated on Friday.
Plan for Monday Nov 25
SPY 0.00%↑
I’ll be watching both sides of the range for a trade. Overall tight consolidation all last week. looking for either a failed breakout over 455.50 or rejection of 455 and a break of 453.20 targeting 452 and 449.
I’ll be watching 112/113 for a dip buy and clearance of 116.50 otherwise we might get a pull back into 105 before pushing past 125.
If 116 is tested and fails, will also consider a short.
Overall market downside in stock market likely no going to come unless BTC breaks 32k.