For Followers

Good afternoon everyone! I hope you have been enjoying your week in the market so far and are gearing up for possibly one of the most important days in the market, which will be tomorrow.

I apologize for the lack of articles this week, I have been sick and away from the markets.

However, if all goes well I should have another article for you tomorrow talking about levels and the SPY's important close above 500 today.

On our last For Followers post, I highlighted possible gaps and plays for the market leading into this week.

You can read that here

Well, we are currently filling the upside gap to at the $500 significant level. Regardless, sellers want to see volume pick up here through the gap and a close below $500. Buyers want to find support at the level for more upside. However, what I want to see is us close sideways for the rest of the week.

Sideways would be $500-$509. A close below that may be more bearish than expected and a close above $510 may be more bullish than expected. There is a lot of news out tomorrow so be careful trading.

Thank you for reading, and I hope to make another article tomorrow.

Enjoy your afternoon