waiting for Visa Inc (NYSE: V)

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SPY's selloff two days ago (Wednesday) seems to have been the catalyst for a change in trend in Visa Inc (NYSE: V). Right now, the path of least resistance is 82. This mild pullback also has the potential to be more than just a mild pullback. I have no clue how long this will take to play out, therefore, the best thing to do is just sit back and watch what the institutional participants are doing.


MasterCard Incorporated (NYSE: MA) seems to support my thesis on Visa with its break below 290. It will be interesting to see if, in the next week or two, whether or not Mastercard tries to fill that huge earnings gap that it left behind.