Thought for the day, plus some posts of interest!
A choppy down week for the markets! I think we could get some more downside on the S&P to the bottom trend line of the channel (see chart below), but then it should head back up. Friday's doji candle represents indecisiveness, so we'll see what happens on Monday. If it doesn't and continues down through the trend line then I'd be real worried for more downside. I was stopped out of all of my positions at a loss, and will just be watching XOP, MOO, and MDY on Monday.
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