During the end of last week, the market shown some signs of fatigue and gave up some of the previous gains. But looking at the intraday chart, one can also see there seems to be some buying into the close. This minor pullback the market did could due to the weekly options expiration. From the price action of the SP500, it has not indicate it will pullback to below 1300. But anything is possible, and until it has retreated below 1300, I will continue to trade as the trend is still 'up'.
Here is a short video reviewing the SP500. Click on the 'full screen' icon to view it on HD. And for those email subscribers that do not see the video player on their screen, please click on this link or go to www.lastchipstanding.com to view the video.
