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I'm thinking tomorrow's inflation numbers not good and leaked. I strongly believe there is a wage pressure entrenched by now. Where I work, It's hard to find technicians. the positions that recently paid $70,000 are unfilled for many weeks now. The last applicant was offered $90,000 and a signup bonus and walked away from the offer.
The line below may not hold another test. I actually think a rebound should be due but so far don't see so yet.
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Still the line below may not hold another test and breakdown is more likely now.
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BullBear52x wrote:Sell until it fails, failed it is......tomorrow is unpredictable, bearish bias, intraday price action is not as bearish. Peace!
Probably priced in the tomorrow's bad news.
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