Follow Up From Friday

Remember that late day triangle on Friday?

Here are the posts....

One More Head Fake

Head Fake Post 2

And There Go the Bulls Chasing It

And in my post, THE BIGGER PICTURE from Saturday,  I asked rhetorically, "Someone obviously through some support in to the market later Friday to force that breakout from the S&P triangle, you can see it on this chart, but it still doesn't imply a bullish opening on Monday. It does however make me question why the market would want to lock bulls in late on Friday?"


There's really only 1 answer to that and it can be found in all 3 post above, "HEAD FAKE".


Here's an overnight update on the markets from ZH.


Lets hope this holds up until the US open, I suspect it will, the signs of a solid dump on Monday morning where there Friday and written about Saturday before any market indications were in place. As a matter of fact, the last indication  saw was the market up in after hours.


Stay nimble this week and have a great week.