I've always noticed how often the 1st week in Jan is a basket case with prices whiplashing bulls and bears alike. There is always a "story" both ways but traders are re-positioning themselves basically. And smart money is setting thing up nicely for themselves. With such extreme bullish sentiment recently and an all is well with the world now attitude expect some downside soon. A perfect set up for a sell off is yesterdays very bullish ADP jobs report. So now the word is tomorrow's monthly Employment report will be wildly bullish as well and turn the corner on job growth with unbelievable numbers and all will be right again. UP,UP and Away....This set up reminds me of Lucy and Charlie Brown with the football,lol.....
CAUTION.....DANGER ZONE AHEAD..COULD BE HAZARDOUS TO YOUR TRADING ACCOUNT....SLOW AND PROCEED WITH CAUTION.....