Observation for last week (26 Jan – 02 Feb 2018)

Observation for Coming Week (05 Feb-09 Feb 2018)

  • The hedge by the Big Boys ended last Friday.  There may be an overrun of some selling at the start of the week but it should dry up by mid of the week.  
  • At this moment in time, no big selloffs seen for this coming week.
  • Expectation of a debt ceiling and budget extension at end of this week.
  • Immediate strong SPX support to be seen at $2675 to $2,700. Good buying opportunity at this level.