Mr Market is trying to rally..so very hard. The damage from yesterday though, can't be repaired with a 1% gain. No...primary target remains on track...within days..1345/40.
sp'15min
sp'daily5f
Summary
A reminder - see daily5f, that yesterday we saw all 3 triggers hit.
Weekly charts are very conclusive..this major move lower is not complete.
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Seeking a re-short around 2-3pm..anywhere in the 1390/95 range looks very tasty zone. That would offer a good 50pts downside across Mon/Tuesday.
Time for lunch !
back soon
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UPDATE 12.24pm
Market breaks the hourly 10MA...we're starting to get a little overstretched though.
Its gonna be real tough to hold over 1395.
I am resolutely trying to be patient....until 2pm.. - after which time, his highness (obama), will have spoken
sp'60min