Since Wednesday the markets have not been performing all that well. I’ve seen opinions from both sides, where some believe that we’ve peaked and are now rolling over to others that say we have a great buying opportunity. To be completely honest, I could careless about other people’s opinions, in fact when I listen to them, that is usually when I get myself into trouble, either over-confidence or self doubt will creep into my mind, and from there my trading gets all screwy.
So I’ll provide you with my chart, I tell you what I’m seeing, but you make the call as to what the recent batch of selling indicates…
Here’s the S&P Intra-Day Chart…
