sp'60min
Summary
So, yet again we're set to open lower, and its looking to be around/just below the lower channel - as seen on the hourly charts.
Bears have an opportunity here to make things clear..that sp'1709 was a key top.
However, from a MACD (blue bar histogram) cycle perspective, this is a lousy place to be launching any new short positions.
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I am still highly suspicious that we'll see one further little up wave into early Thursday.
For the moment, I want more clarity that the last seven weeks of nonsense are indeed coming to an end.