sp'daily4b
Summary
Well,we're set to test the late Aug' peak..which is also the 50% fib.
Obviously, any break into the 1670s, will trigger another set of short-stops, and that'd probably ensure another day or two to the upside..to fill the big gap of 1680/85.
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I still find the notion of new index highs in the near term...very unlikely. There just seem too many issues this month for the market not to break lower.
yours.. holding short
1.34pm... market in melt mode...same for VIX..now -1.7% - although on any other day, it'd barely rate as 'noise'.
*AAPL will get a golden cross tomorrow, at the Tuesday open. Maybe a few in the mainstream will pick up on it. For the bulls out there looking for new index highs...AAPL is arguably the most bullish aspect of all.