Bulls MIA?
Bulls MIA?
11:25am EDT: Alright, we have arrived at an important inflection point – if the bulls can’t hold 876 this market is going to shit in a hand basket – right now:
The yellow line is important – officially we have breached that H&S neckline and if there will be a final head fake they have to bring it on now otherwise gravity will accelerate this thing into terminal velocity.
12:37pm EDT: Market still can’t catch a bid it seems – the slow melt-down continues. Here’s a channel while we watch things unfold:
This thing can go anywhere right now – zero lite is solidly negative – don’t try to catch a falling sword.