All in the video, we are in a critical area of support for the markets. Oil is especially leaning bearish for me as it's been winding up for months and looks ready to break down. I talk about IWM/SPY bull flag, and possible strength in both TLT and Gold. Non Farm Payrolls are tomorrow so anything is possible, including a rally to 4100 area again, if it happens, it would be a stone cold short in my opinion.
Good luck!
Good luck!
Kommentera:
IF there is a rally tomorrow, I could imagine this downtrend getting tested once again - this would take out most stops and convince bulls there's nothing to fear over the weekend. Possible, not probable.
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GOod morning, We bounced at strong support. If this bounce fails it's a short
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possible false breakdown here - be careful
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market is holding this level of 3900-3880, even if we bounce here we are under the weekly and daily 18ma so the bias is down, but maybe we'll wait till next week for this to break.
Kommentera:
as of now the RSI looks like it will make another divergent low before a rally up - maybe today, maybe Monday. Either way. Any bounce up is a short opportunity
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Divergent low is in I think that could be the bottom for a few days. This rally is only a possibility, but who knows what kind of news comes out over the weekend. Large banks like JPM are at support my guess is there's some relief rally early next week on some announcement to tame the market
