917

917 level to watch tomorrow on the S&P- if we can mount above that we are short term in bullish mode.

Financials

IF and I say IF, the scenario of higher price comes to reality as I think it might, watch the financials for some upside. YES they are dead but they WILL bounce if the market bounces. The great thing is that SKF will be cheaper to jump on. I hope they squeeze it down to 100 level as this would be another gift from the trading Gods.


Good luck this week

MARKETJEDI

Just a thought on this week

Futures just opened overnight and we look lower. A far cry from tomorrow morning but I would love to see us gap down for like the first part of the day then move higher. Watch 905 on the S&P, which is my first upside target tomorrow if we have an upside day, followed by 945. So a gap down would lead into a green day followed by a push into tuesday and possible wednesday which would be the peak for this cycle.
Who knows what will play out but that's what I would love to see. I definitely think with the black friday sales being better than expected the bulls will try to push us higher with some volume.


MARKETJEDI