July 9, 2021 S&P 500 close reveals clues for next week

9 июл. 2021 г.

My feeling was that Thursday's downward movement was a reaction to market concerns and I do not feel this would create a stronger down move. It is an example of a market reacting to the possibility of something in the future not reality. Plus I did not think that people would want to go home short into the weekend. This analysis resulted in the expectation of a stronger close on Friday. The next issue is what does it reveal about the price action that we should look for on Monday and the rest of the week, which is discussed in the video.