Another pretty big down day but I think the market really took a long time to digest the news this morning. Not sure what that means. Anyway, I think we have a strong possibility of a sharp selloff into October.
I think we could test the 200 week moving averages and the previous low again around 22,115 area. Consistently weaker momentum with each peak and this last breakout looks like a small bull trap. I'm not playing the short side but I will be looking to get more invested.
I think we could test the 200 week moving averages and the previous low again around 22,115 area. Consistently weaker momentum with each peak and this last breakout looks like a small bull trap. I'm not playing the short side but I will be looking to get more invested.