Last week Friday, we had a huge move to an all time high and near the end of the day tanked to the support levels. The Market wants to go higher, there is no doubt about that, but more and more news are pushing it to the downside. The Ukraine news just had the Futures S&P Mini open right at the Andrews Pitchfork which has been an important level for quite some time. We have been in this area on the support side to the resistance side. Based on the Markets reaction it wants to retest this and break down from this support. I will be watching the Futures all day today till the Market opens to see where we might be going. We are looking at huge moves this week, either up or down, and we can profit from both sides! I've mentioned many times we wil break out of 185 and we did hit 187 on $SPY. For those who are new to trading, you can experience what news can really move the market. If the Ukraine news continues without a deal, we can see a good downtrend till they agree. You will see a huge move to the upside if the news becomes better and that all things are back to normal. Wherever the Market goes, we just have to follow it and take a nibble at it.
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