 My S&P Predictions for this Week
On 10/30 The S&P dropped sharply. It fell below its 50 Day Moving average. I think we will get a bounce Monday because of oversold conditions. The Vix jumped to 30 on 10/30 indicating fear is starting to return. That usually means any piece of good data will bounce the market up. However, I think that will be an opportunity to take profits because it now appears the market is in downtrend.
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