Doesn't look good today, Dax is down 4% XLF, XLI, IJR, XLE all looking bad on the daily, the first time in the past few months. I'll buy the dips after a significant V reversal, until then bearish AF
The most anticipated pattern for today didn't play out. I still think there's a very decent chance we'll see a strong swing up towards 3260 by the Close. The less common pattern would be that this actually will be a trend day selling lower all the way into the Close with perhaps a small tail in the last 30/60 minutes. Might see a low at 3200 in that case.
Well, it would certainly surprise me. It was a posssible scenario by market open, but not at this point, IMO. 3283 is possible, but probably not more than 3260 if at all. IMO, of course.