It’s 50-50


It’s 50-50

The concern that Russia is not pulling troops away from the border and there could be an invasion of the Ukraine any day. This concern dominated the market. The result is the S&P 500 fell out of bed. Additional news on the Russia situation could easily cause this market to move lower and for sellers to remain in charge. Therefore, the price action for Friday is 50-50. Without new news, do sellers want to stay short going into the weekend or do they buy it back on Friday which could cause an up move and a possible shadow on the lows of Friday’s action.