does like to do a little back and filling!!! So that is what we got today.
But realistically the markets were overbought short term, and into a long weekend, the market does tend to show reversal signs a day or so before. As you can see on the S&P chart below, we stopped cold at the Sept highs and then sold off into the close.
What I want to remind you here is that MONDAY is Columbus Day in the US so the CME the currencies, the bonds and the CME group is closed. Big traders will likely not be doing much till the middle of next week.
With that in mind, I will not be around posting much till TUES / WED next week.
Happy trading :-)
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