So-Far-So-Good-by-Bryan-Adams

Looks like the market rallied a little today as expected.  I don’t have anything to add today, as I explained it all in my weekend post.  I’m looking for another flat to slightly up day tomorrow, and Wednesday.  I’m still looking for a fall to 108.00 SPY by Friday (or Monday).

I expect the market to sell off either Wednesday afternoon, or Thursday.  It should hit the 108.00 level by Friday or Monday, and then I expect a 2-5 day rally.  Nothing much has changed from my weekend post.  So far everything is following the plan.  Of course life is never that easy, and it wouldn’t surprise me if something happened too throw the plan off.

Hmmm… what could it be?  At break of the 108.00 SPY level would cause a huge sell off to occur!  Let’s hope it holds on the first hit, and rallys back up.  I’d like another opportunity to get short again from a higher level.  So for now, I expect the level to hold and produce a bounce.

Red