(WARNNG) Extreme Bear Volume in $XLF, Shorting next hourly LH- QQQ double topped with Tuesday top, had a 15m bull flag during consolidation with no red flags until mid morning.
- XLF increasing bear volume with zero bounce and very notable big money exiting. Fear creeped into the market
- VIX up 20%
- QQQ went from lead bull to bear when all sectors starting to drop at the same time after XLFs huge drop. dragging SPY down too.
- lots of negative news and sentiment regarding banks and how much they dropped SI down over 80% in just two days.
- Bears now in total control.
- huge drop in XBI & IWM as well.
SMH might go from lead bull to lead bear tomorrow
looking to short the next hourly or 15m lower high pretty much almost on any bounce if we get a bullish reaction to data tomorrow during PM will be shorting that bounce.
