The stock market needed clarity and today’s price action delivered…
The bears were in charge from open to close. Trade management is often dictated by the big picture. We ask ourselves if the general market is obvious and does that translate into adding to a position or getting out.
Today there was no reason to bid (other than TSO the first half hour. Marian and I outline 3 scenarios for tomorrow’s opening price action.
Bears Control Today’s Stock Market 9.28
Trading Recap Video
End of Day S&P 500 Map 9.28.15
SPY End of Day Chart 9.28.15