DanGramza

There is uncertainty in the market.

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CME_MINI:ES1!   S&P 500 E-mini terminer
Asia provided follow-through to the upside in the S&P on Monday. During the European session the market got weaker and a continued in the US session until the last few hours were the market went sideways. The price action for Monday is bearish. However, with the bouncing this that we saw on Friday, I do not look for a big move lower. If sellers are here, Tuesday would be a big day down. I'm looking for the beginning of a possible sideways move until Washington can make some decision about increasing the debt limit. The debt limit will be increase it's just a matter of when they do it.
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