1570 target by Fridays close.
Is this still such a certainty?
How can possible 'red days' be identified.
1) unexplainable moves or gaps in after hours trading
2) upcoming earnings
3) upcoming economic reports
4) notable speakers scheduled for the trading day
5) price at extremes of montly ATR
6) minimal retraces
7) multiple supports and resistances breaking
8) increased volume
9) unexplainable indirect market gyrations(fx/bonds)
10) TV media repeating the samething over and over intraday
doesn't look good... 🙂
it turns to a red box day,... when the low breaks today 1494-92 zone....then selling without fear will ensue.
...that 1570 is looker a lot closer.😀