Tuesday, November 20, 2012
S&P 500 close 11/20
We'll call this a draw. S&P crisscrossed between positive and negative without much determination. Which gives an option B for this week: No one is going to commit to large decisions during the holiday week. I would probably expect more of the same tomorrow. Indicators are looking a little shaky short term and have the same bearish strength long term. I'm leaving my market at red for the time being. I still expect a retest down to some degree but it will probably be next week.