To Drop Or Not To Pop
To Drop Or Not To Pop
That Is The Question!
This rally is getting a bit tired but I think we could see one more blast to the upside before we [finally] take a turn to the downside:
You might remember that diagonal I painted the other day and a final touch is definitely a possibility. Although breadth on the SPX right now is about 2:1 declining issues but considering that we really haven’t dropped that much today. So, don’t count the bulltarts out just yet – I think they’re keeping their powder dry for one last bear squeeze 😉
I was a bit quiet this afternoon as I was busy scalping the ES futures, caught the very top today and rode it down to VWAP. Otherwise, quite a messy day – swing trader’s playground.