3pm update - don't get lost in the mild hysteria

Mr Market continues to see minor weak chop, with the sp' vulnerable to downside to sp'1875. Yet, any retail amateur trader getting lost in mild bearish hysteria is likely setting themselves up for a difficult Friday morning.


sp'60min

Summary

Hourly lower bol'...offers the bears 1875 or so.. in the closing hour..

It is very likely, a last ditch opportunity for the bears to exit before the sp'1900s..whether tomorrow or next Monday.
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*I hold heavy long overnight, especially in the Oil/Gas drill stocks, DO, RIG, SDRL. Yes..they are all down, but then, I bailed yesterday near the highs..and I'm back in at much lower levels, so I ain't complaining!
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3.18pm.. minor chop..in the low 1880s....

There can be NO excuses. Everyone is getting a chance to re-position ahead of the Friday jobs data. Bears are getting a chance to exit....and bulls are getting the opportunity to buy back in at lower levels - at least in some stocks/sectors.