Currently in a downward trend the likelihood of the S&P to go down is high. However, on the daily chart RSI points to a break to the upside so what happens these next couple days is vital to determine our direction. The weekly close should determine if we go up or down. If a break to the upside a hold over the weekend could be risky with so many potential negative market movers possible.
based on the daily RSI my assumption is that we see a bit of a rally
The measured move up or down should be roughly 4%.
based on the daily RSI my assumption is that we see a bit of a rally
The measured move up or down should be roughly 4%.