A Perfect Doji close is indecision.
SPY Closing at the top of the Rectangle just barely a new high daily close.
Overnight the world markets are showing softness and the Euro /USD is down as well .
The Spy will open Gap down @ 111.25 and I expect another return to the 1085 level with a Friday close about 110 ish due to options expiration.
Seasonality suggests this week of Dec is very Bullish and I think this is what every one expects but the market is give the unexpected so stay tight on the stops .
The big risk today is a higher close and if that happens we will go higher up to Spx 1120-1135
Tuesday, December 15, 2009
SPY A Perfect Doji Close
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