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No idea what the market is doing, Maybe still one more push up?
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Sitting on the edge of cliff.With essentially no puts out there if the big boys start buying protection the dealers will be selling the futures to offset their risk.
Personally I would like to see news release overlay on this chart.
Testing day low, 50% chances of double bottom, wait and see.
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Possible higher low, some chances the low was in for today. I'm not sure as the rebound looks weak for now, need more strong bull bars to convince me.
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Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.