From a technical perspective, the damage has been done, and the current jump should be arguably seen as a natural bounce to be shorted. With the market at the whim of the political maniacs, the days ahead look to be increasingly wild.
*looks like (how things are clearer in retrospect, urghh)...a mini H/S on the hourly chart.
Baring a daily close >1695...it is surely a case of short all bounces.
The problem bears AND bulls will face in the days ahead...increasing turbulence from sporadic news headlines from those on Capitol Hill.
2.06pm.. looking to exit a failed LONG index position..and throw into an index SHORT position....
2.10pm.. exited LONG.. .now SHORT the main market from sp'1681
Gods help the bears now, lol
2.13pm... 5/15min cycles look prone to a snap lower into the close.
What a day! ..and not over yet.
2.28pm... we have a VERY snappy market now..and the 5/15min cycles are breaking lower.
Equity bears should be seeking a close in the 1660s...with 1630/20s tomorrow.