Outlook for Jan 9

History repeated itself on Friday. Despite good employment numbers from NFP, the S&P 500 closed in red. From the graph, daily view still does not look bad. Although some warning signs from 15-minute view. On Monday the bulls will need to push the graph higher ideally above Jan 3 high (1,284.62) to gain back confidence for the herd. Otherwise, I think they are done!

I’m holding small short position over the weekend.

This entry was posted in Market Outlook. Bookmark the permalink.

Leave a Reply