The flow will be one to really watch this week. Earnings season will be tricky this week. Watch for the following targets. Monday - 448 Tuesday - 448/445/448 Wednesday - 452/460 Thursday - 460/463 Friday - 464/472/470 Using the flow from eod Friday last week, for the following targets. Not financial advice, only guessing here. The high jump on Wednesday is due...
After a lot of good news for tech they were still held back because of rebalancing. Now that is over and earnings season starts, we should bounce hard to the upside. Especially with anticipated rate cuts. This is only a theory of where the market might go. Looking for SPY to hit a bottom of 448 this week and then go to the upside after MSFT and GOOGL earnings....