Pivotal Day for Market
Today will be a pivotal day for the market. Should it be able to shrug off Apple’s earning, the month end upward price bias could kick in. Historically going back to 1993, this end of the month bias has been very strong when markets have been oversold. Today we’re at extreme oversold conditions so if Apple is ignored, and nothing crazy occurs around the world, the probabilities favor a 2-3 day rally which could be substantial.
Today’s Potential Opportunities on Further Pullbacks: