The sp 500 index chart below is not moving much at all, infact we could say the market right now is producing a flat top, or in limbo (e.g. not moving much) and the bulls are trying to reach new highs. +
Remember tomorrow (FRIDAY 14th MARCH) is OPEX day and they can tend to run things up in opex weeks. However When I am trading OPEX I always expect the unexpected as over the years I have seen some rather bland action, or the opposite to that, very wild and crazy moves. Tomorrow we shall see which one we shall get. The sp 500 index chart is not really telling us too much yet! Can you feel the excitement :-P
The sp 500 index chart below shows us the market is trying to decide which way to go. The bulls and the bears are both fighting, like a tug of war, so far there is no clear winner. But we should have some more clarity in the next few days.
|sp 500 index chart|
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