SPY Range-Reaction Targets
his was sent to our premium members: "Sentiment came in today at 19% as stocks closed pretty well from the morning plunge. Still this is a viral move down and the highs are in. Furthermore, there is an esoteric indicant which I discovered in my forty years of research which I call a Black Hole. It produces severe declines in a very short time. It looks a bit like what we are seeing now but it is still to come. I am going to look for a pop high but there is no guarantee that stocks will easily stop getting killed here. This is now a fast moving profile. More next week."
Technical's: The bulls need to get above the 2876-2896 resistance zone to calm the waters a little. Until then, bears are in control. There are some bullish divergences in place, so hold with the 2942 short position and stops should be moved to 2876-2899 (your call)
Technical's: The bulls need to get above the 2876-2896 resistance zone to calm the waters a little. Until then, bears are in control. There are some bullish divergences in place, so hold with the 2942 short position and stops should be moved to 2876-2899 (your call)
Aviso legal
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