Could be but the short term charts are very oversold now. And with everyone getting bearish I have to think we are near the bottom before a decent rally starts.
Seems like a gap fill and ready for further down. Pulling a fast one on everyone waiting for market to go up and fill? Not looking good this time around. Everyone is looking for a higher high….maybe not this time. Slow incremental moves down until the realization sets in of a growling bear appearance.
I see it too… possible? Don’t know for sure? It’s too close to the opening gap down this morning. Looks to be about where we closed yesterday. So it could be just a late fill or a real FP?
Any thoughts if it doesn’t hold? We could be in for surprise big down tomorrow.
Others have 2085 SPX as a support level. So if that holds then we should see a bounce of some size I’d think.
That’s the Scary/Spooky part….So is everyone else.
Yeah… it’s the most bearish. But still oversold on short time frames. Possibly we see 2085 SPX and that bottomed the Russell too?
Could be but the short term charts are very oversold now. And with everyone getting bearish I have to think we are near the bottom before a decent rally starts.
Also $RUT weekly chart showing me this week alone so far has taken last 6 weeks of gains?
Seems like a gap fill and ready for further down. Pulling a fast one on everyone waiting for market to go up and fill? Not looking good this time around. Everyone is looking for a higher high….maybe not this time. Slow incremental moves down until the realization sets in of a growling bear appearance.
I see it too… possible? Don’t know for sure? It’s too close to the opening gap down this morning. Looks to be about where we closed yesterday. So it could be just a late fill or a real FP?
Was that a fake print spike to 210.58 on SPY a few monutes ago
Feels like the market is craving out a bottom here. Getting oversold on many time frames.