US equity indexes are set for the fourth net daily decline in five trading days. Market mood remains very weak, and the 1960/50s still look an easy target. Gold is holding a fear bid gain of $14, whilst Oil remains -5.0% in the upper $33s.
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Summary
New intra low... confirming the bear flag. In theory, it should now be a straight run to at least the 1960/50s early tomorrow.
Regardless of the exact close.... its another day for the equity bears.
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*as things are, it seems I've been lost in the minor noise, and I am not interested in shorting from this level.
The next realistic prime setup won't arguably be until late January.
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3.36pm.. For those who come back more than once an hour.. this is for you...
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If for whatever reason we open higher tomorrow, I'll look to short it then. In any case... price action remains weak.
VIX is +6%.. which frankly is surprisingly... well below the Monday high.
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back at the close......