Minyanville's T3 Morning Market Call: Market Looks to Build on Friday's Reversal
US stock futures point to a higher open Monday as the market looks to build on Friday's reversal. The outside day and Red Dog Reversal we saw on Friday is a great cash-flow trading set-up but it can also be a major macro inflection point. On October 4 2011 after a sharp pull-in in the market we got a loud reversal that turned out to be a bottom. On June 4 2012 we got another reversal signal although not as strong that triggered a multi-month uptrend. Will Friday’s action do the same for this market? As of now Friday's ...
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