Gap down, below yesterday's low so there're chances the gap won't be filled. The next support is the blue line below.
Global ES is clearly the 2nd leg down. Again watch the blue line below. Not a little bigger rebound is allowed there because if indeed, it'd be clear overlapped 2 legs pullback therefore corrective, the bears game will be over soon.
So again, 2 points to watch: Blue line support and whether the pullback is sharp enough.
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LOL! Priceless.
Just signed in to thank you for your past - and certainly this - value-added posts. A quantum leap over the obsequious, youtube-swapping blather which has begun to permeate this board.
Please don't stop posting,
A.
Cobra wrote:Gap down, below yesterday's low so there's a chance the gap won't be filled. The next support is the blue line below.
Global ES is clearly the 2nd leg down. Again watch the blue line below. Not a little bigger rebound is allowed there because if indeed, it'd be clear overlapped 2 legs pullback therefore corrective, the bears game will be over soon.
So again, 2 points to watch: Blue line support and whether the pullback is sharp enough.
Cobra wrote:Gap down, below yesterday's low so there's a chance the gap won't be filled. The next support is the blue line below.
Global ES is clearly the 2nd leg down. Again watch the blue line below. Not a little bigger rebound is allowed there because if indeed, it'd be clear overlapped 2 legs pullback therefore corrective, the bears game will be over soon.
So again, 2 points to watch: Blue line support and whether the pullback is sharp enough.