Markets Undecided
Today we saw an “outside bar” on the main indices – this means that the high was lower than yesterday’s high, and the low was lower than yesterday’s low.
This is inconclusive and so for now just keep watching. The OVI is still looking more negative than positive, and I think we could be in for a tough autumn. However, that opinion will change if the markets rebound and the OVI turns positive.
Remember, having an opinion can be very expensive, so always trade what you see.
SPY
Guy