Peter Reznicek thinks that a likely scenario on Monday is a minor gap down into support and a relief rally.
This week's video deals with a very key S&P level at 1326, which lies just below us. The likely scenario on Monday is a minor gap down into this area and a relief rally.
Click here for the video.
Peter Reznicek is co-founder and Chief Equity Strategist for ShadowTrader.net, an advisory firm that provides intraday and position trading commentary and coaching to its clients. Mr. Reznicek can be reached at preznicek@shadowtrader.net.