I think this is the exhaustion bar, so we might see a consolidation here, then we'll see. the feeling still is game over for bulls.
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pause as I said, but if no sharp rebound here instead of just a consolidation or small rebound, then I'm afraid, there's more and in case gap down again tomorrow, then better not to hope we have sharp reversal again, after all prime ministers are limited.
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We'll see where it closes, but XLF showing a clean break on a Descending Triangle. The financials obviously didn't get the memo about the bullish symetrical triangle.
Exited my short on Silver, I anticipate that we might see bounce tomorrow.
Dow just reversed on high volume.
Not holding any position overnight.
Just another opinion.
Cobra wrote:pause as I said, but if no sharp rebound here instead of just a consolidation or small rebound, then I'm afraid, there's more and in case gap down again tomorrow, then better not to hope we have sharp reversal again, after all prime ministers are limited.
I agree. Op ex is Friday and if anyone goes underwater they may just liquidate further exasperating the selling.