Yet another day where opening gains quickly failed to hold. That is something we're increasingly seeing, its just a matter of time before the mainstream mood gets spooked. The opening declines to the year were significant, but there has absolutely been no capitulation in the near term.
Ford (F), daily
Frankly, its now one of the most bearish charts out there. You should be able to discern a slanted H/S formation. Note yesterday's black-fail candle... and we're spiralling lower.
*the bigger monthly cycle is highly suggestive of $8.00 by the summer.... and that would almost certainly equate to the sp'1600/1500s.
Meanwhile... in London city...
Its a rather nice sunset, if somewhat chilly.
time to cook !