RE: Walking it down penny at a time market is being one heck of a tease right now. very tricky...and dangerous
yesterday, it looked like a classic bear trap was being set (or so the longs thought)
today, it looks like the opposite, but we won't know who is outsmarting who until the weekend is over. so next move for the spx is either a retest of at least 1560ish (or higher..we seen this nonsense before) OR a continuation of the selloff down to at least the 50d MA (as it looks to me like things in the US are rolling over).
anyway, pick your poison. i'm out of ideas for today
GLTA