Any Hope for a Rally?
[video_player type=”youtube” youtube_remove_logo=”Y” width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″]aHR0cHM6Ly95b3V0dS5iZS9ESU16R0RDWjNmbw==[/video_player]
Stocks continue to sell off today as recession fears grow. Let’s take a look to see if there’s any hope for a rally before the 3 day weekend. There are a few rays of hope that bulls can point to. Albeit very slim rays of hope. One is the 1800 level in the SPX has once again hold. This the 4th time since 2013 that level has held. Also, bonds after a spike high to nearly 171 backed off significantly. Every rally has been sold so if you need a rally to get out of a position don’t wait long if we get one.
