S&P 500 IndexShort
Three arguments for a pullback starting tomorrow
1. We stopped today right on the Fib 0.786. Looking back to mid-Sept, this has been a resistance area.
2. We created gaps on the way up. Gaps are usually filled but not always.
3. On the Stochastic RSI, we're red hot. The last time we were this hot, back in AUG, we saw a nice bear market for a couple of days.
2. We created gaps on the way up. Gaps are usually filled but not always.
3. On the Stochastic RSI, we're red hot. The last time we were this hot, back in AUG, we saw a nice bear market for a couple of days.
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