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Market futures up due to budget deal. What is the S&P buy signal number?? Thanks
Buy Signal will be generated above 1320. It will be interesting to see how the next few days unfold. Since debt deal was a known, are we going to see sell the Rally approach? Moreover, the bill has not passed the Congress yet. You never know if the Congress pulls-off a last minute Tuesday night drama, which send the market down again. In any case, it is time stand on the sidelines for next few days.
Good points Naqvi, thanks for your response.
It seems like futures are coming back down. Was the optimism this short-lived? It will be interesting to see how the next few days unfold.
Wow, did you look at the dramatic sell-off that followed the morning rally. This is what happens when the model is down trending, even good news exhibits bad reaction. Similarly, if the model is up trending, even bad news receives possitive reaction.
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