Well, well well.
We did see some heavy weakness this afternoon which didn’t last too long but it is always a warning when we see that type of move lower on heavy volume.
Sometimes it’s a warning shot across the bow, other times it hits, so time will tell, likely
Friday will be that time.
AMZN is down tonight as well as SBUX who started higher, so tomorrow may be a gong show in the market and I’ll be doing lots of selling.
Things may change overnight but so far the end of this week looks sketchy.
SPY looks fine in this normal range action but let’s see how tomorrow goes.
Under 246 on a closing basis wouldn’t be great but it may be hard to give it until the close if we see volatility really pick up.
Enjoy your evening and be careful tomorrow!
