Just a quick update on the SPY's performance last night. Interestingly, I was right about the strong gap down. But save the applause folks, because before mid-market, the SPY crept up and finally ended up in positive territory.
As if to add insult to injury, the SPY became bullish?! It's a large sideways market it seems. There doesn't seem to be a strong indication of a proper direction which makes retail investors like myself a little anxious and somewhat concerned.
I want to trade this week, but I should be a little more cautious because it doesn't seem like the market is offering any real indication of a proper safe trade.
Well let's see what the market has in store for gold tonight. Hopefully I can find something suitable to sell. That's all for now!
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