Sunday, September 27, 2009

This is it..next week will be quite telling

If we rally hard on Monday, we may just be lucky to see another top formation (I doubt this will happen though). If we sell-off again on Monday, look out below to 980 on $SPX .... I personally have sold all my puts and am ready with my firepower to load them back up depending on how the market behaves on Monday or the whole next week.... the next big catalyst is the employment report on Friday... If we do rally into that report, the hell will break loose on Friday regardless of what the report says... It will be interesting to see what the market does early next week... Although I don't think that the market has any juice left to rally, I hope it does rally into the Employment report on Friday... Lets see...

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