by50,
sold out a little early did we? Shorts getting stopped out maybe. LOL.
Market is run by fools with mob sentiment add derivatives/shorts to bring higher volatility.
Often the index has little to do with fair value.
If that was the case a range between 3 and 4k would fit the xjo.
Lunar cycles should see a retrace this week IMO.
Interesting now we're looking for reasons for a reversal.
The reporting season will be interesting not only on earnings but on how the market perceives the derived earnings ie. growth or cost cutting.
The day we see a strong finish may well be the reversal we're looking for.
Good trading to all. Don't trade on these opinions. P.
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