Wednesday, 28 November 2012

NovWk5 - Wednesday: SPY: Gap Down?!


Ironically just two trading days ago the ichimoku indicators say that when price crosses the kijun sen from below, it is a bullish signal, and now it says a different story. Now the price is seen to cross from above the kijun sen and it is a strong bearish signal. 

So the strategy for me this week is simple, tonight will be a strategic moment for all of us when the market opens. I am expecting a strong gap down simply because thanksgiving is over and the market is reflecting a true sentiment.

Happy trading folks! :)

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