The downside range expansion continues and all systems indicate that market is going lower. You will notice the spike down to the 741 area in November. Will history repeat itself? i think to some extent it will. Traders should be on their toes for any spike below 741 overnight or early Tuesday morning.
I doubt we will see the monster rally we saw in November. But, looks good for a nice fat trade.
Complacent longs are still in the market and so far they have not capitulated. Sometime soon, very soon they are going to cry "Uncle".
I doubt we will see the monster rally we saw in November. But, looks good for a nice fat trade.
Complacent longs are still in the market and so far they have not capitulated. Sometime soon, very soon they are going to cry "Uncle".
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