If you don't have high confidence in the market's direction, probably a good idea to sit and observe today. Strong close today in either direction is typically a solid signal: A) \>+1% = market continues higher \~80% of the time B) \<-1% = market continues lower \~70% of the time
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If you don't have high confidence in the market's direction, probably a good idea to sit and observe today. Strong close today in either direction is typically a solid signal: A) \>+1% = market continues higher \~80% of the time B) \<-1% = market continues lower \~70% of the time