Friday Jan 18 – Options Expiration
Today is Friday, the last trading day of the week. It is also “Options Expiration,’ and that can affect pricing and volumes a bit, but so far things continue to play out pretty much as expected, so lets just get into our Friday report… .
Jan 17th – Thursday Markets Await
SPX – We still have a wedge that has formed. These usually break down, so with the SPX at the 50sma and a wedge, I would think that we may pull back for a few days. That could be a 1/2 cycle low and it is not uncommon…
WEDNESDAY – Bouncing Along
SPX 1 of 3 – After the pause that we expected under the 50sma, the equity markets actually look ready to break higher already, so I want to show you these 2 charts …
