sp'60min
Summary
So...the upper gap is going to be hit.
If we close in the 1690s, I can only think it will be time to wave the white flag, and prepare for 'months' of further upside. Its not like we've not seen this kind of nonsense before, is it?
-
Bears should be desperate for a reversal day, with a close in the 1660s. Frankly though, I find it difficult to envision that. After all, the US/Syria situation is now almost resolved, and there is essentially nothing to motivate the market lower until at least next week.
yet..even then..the market looks set to rally further next Wednesday on 'taper less than expected'.
-
As noted, a daily close in the 1690s..and I'll likely call it quits.
9.44am... well, there is the upper gap filled.
Even if we see a reaction back lower here, I can't take it seriously until the 1650s again..and even then..it could just be a brief pull back.
Second major ugly day in a row..and its only Tuesday. URghh