The action yesterday in the markets was interesting to watch. Right after the fed announcement of a 3/4 decrease in the rates the Q's quickly went down. However Mr Market wanted to go higher so it did. The Q's ended up closing at the high of the day.
Right now the charts are telling me the Q's may start to head down the next couple of days. The futures are currently pointing to a negative open.
S&P 500 (MAR) -3.00
| Nasdaq (MAR) -8.75 | Dow (MAR) -32
I may look at a quick trade today but I will be taking next week off for Easter so anything I do in the meantime will be closed by Thursday.
Right now the charts are telling me the Q's may start to head down the next couple of days. The futures are currently pointing to a negative open.
S&P 500 (MAR) -3.00
| Nasdaq (MAR) -8.75 | Dow (MAR) -32 I may look at a quick trade today but I will be taking next week off for Easter so anything I do in the meantime will be closed by Thursday.
Leave a comment