I think $SPY is doing a head and shoulder pattern on 5 and 3 min chart. The chart does not look very clear, but I am certainly counting on a possible sell off if we re-test that 139.85 level. We don’t have any major data coming out tomorrow. So this market is running on no news. Again even though we are just a bit over the neutral level in the $NYMO (McClellan Oscillator). A market with no catalyst is a flat market, and we may have a lot of choppy days coming. So be alert, and get ready to be patient.
May you all have a good end of your day.
