Today we look at the market sell off that we were able to predict very accurately. For the past 2 weeks we have hit the nail on the head in every move, down and up. The SPY target for the rally was 110.40, and even though we peaked a little above that, the 60 minutes never closed above 110.40.
Jobs numbers will be coming out tomorrow, but we might get a little bit of that puke trade where we sell off a few more points in the morning and then bounce back. A break of the blue trendline would mean heavier sell offs.
We look at the GLD triangle, SPY, AAPL, UPS and BPI.
Duration : 0:5:1
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