MM Morning Notes

MMI was uncertain for today's closing direction, but a "sharp drop alert" was issued near end of day Friday for today.  Reminder that a "sharp drop alert" means a heightened risk of a sharp drop (deeper than average decline) that may or may not last long (it may not even last a whole day).  Tuesday and Wednesday's MMI are the opposite of however today closes.  Preliminary for Thursday is also opposite of today's close.

Dr. Cari Bourette is an analyst at ElliottWaveTrader.net, where she provides her proprietary market mood analysis in our flagship service, "Avi's Market Alerts."