Markets don't move just one way, remember that as you try and open your mind to current realities and expectations. This is not a bounce to just blindly chase and think we now have a new relief rally coming again like 2 weeks ago. Most likely this is just a temp. reaction to the Bears /sellers being exhausted and letting up for a moment.
Keep your expectations realistic and don't chase for moon gains right now. I think that the $19,375-$19,575 range is now going to be for the near term a strong R to get above and turn back into support unless we get a larger rally from stocks and or better news from FED meetings etc.
Do not chase this as if we just made a double bottom on the SPX and your FULL SEND/BUYING Because the harsh reality is we need to wait for real direction from the fed meeting as they begin to come out Wed.
Keep your expectations realistic and don't chase for moon gains right now. I think that the $19,375-$19,575 range is now going to be for the near term a strong R to get above and turn back into support unless we get a larger rally from stocks and or better news from FED meetings etc.
Do not chase this as if we just made a double bottom on the SPX and your FULL SEND/BUYING Because the harsh reality is we need to wait for real direction from the fed meeting as they begin to come out Wed.
