we will crash and put the bottom. we won't have time to rally, which means there is a possible huge gap up on open the next day. I repeat my prediction, we CRASH like never before.
I agree the mkt wants to crash! However I believe PPT is proping up the market. None is buying. Some profit taking on shorts but no piling on of longs here.
Yup. classic blow off tops and bottoms. "V" shape recovery into the election then we retest the lows.
Looks like the mkt is holding here. could end positive on the day since uptrend channell is still intact on the 60 min chart. This retracement in ES is weak though. I don't see much upside conviction.
DJIA still negative. I was hoping for a strong close for the world markets sake Todays wee little candle does not instill much confidence. wrong pic
Why will we break the lows? I am not bullish at this point but markets have put in some good bottoming action today. Not pretty but this could be the base for a good rally. Also, what bad news can we get again? Except for a few earnings surprises which most expect there may not be much bad news out there.