She opened up slightly below 1900 today. This causes me to believe that we’re going to drop to around the 1850 level before another up turn.
But, she’s behaving a little tricky today. During the noon hour she took an upward turn, and, surprisingly my Marathon position is up despite the news of oil going down.
I’m still watching for a drop down to around 1850, where I may pick up some leveraged index ETFs for another run up.
Unlike last week, I’m not feeling an intense vibe from the market. She’s dancing between a couple of levels that make sense to me, which, of course means that either direction is an understandable move. It will become interesting again when the S&P nears 1850 or 1950.