GIST - SOMETHING JUST CHANGED IN THE LAST 60 MINUTES.
BACKGROUND - It looks like bears came to play today. Target is 1763 before New York close.
DETAILS - Not much right now. Where we should have had a spike up at 10:15 AM ET, we instead had spike down. This means that bears gained upper hand in a big way, enough to put us back on A MUCH MORE bearish track, even vs #006 bearish outcome. If we tag 1763 today, bull case is over. Not only that, 8/27-9/7 is looking horrific. Will add more in 2-B.
BACKGROUND - It looks like bears came to play today. Target is 1763 before New York close.
DETAILS - Not much right now. Where we should have had a spike up at 10:15 AM ET, we instead had spike down. This means that bears gained upper hand in a big way, enough to put us back on A MUCH MORE bearish track, even vs #006 bearish outcome. If we tag 1763 today, bull case is over. Not only that, 8/27-9/7 is looking horrific. Will add more in 2-B.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.