Im waiting for a retest before I buy these lows. I may miss it. Wont be the first or last time thats happened....
%%%%%%%%%%%%%%%%%%%%%% At the end of the year[not a prediction] maybe UP from here, with SPY.BUT its a real, real old, real real old bull-UP-trend market. BUT-- BAC, C .....looks like the bears are on to a good bear market in big bank stocks[ lousy customer service,losing lawsuits, losing lawsuits again , fines+ fight with regulators, whale-traders out of control, tax payers still mad @ Citigroup..... for unjust bail outs...................................................................................................................]
Everybody and his dog waiting for retest so it either will not reach or fall through it for another 200 points
Not really. It was already kind of saturated, or overbought, in premarket...mixed in with lackluster or average economic reports....all of that spells...the market is primed for an overall downturn sometime in the day -- which happened.
it was a grand fake out.....this does not bode well for the rest of the week...especially since China is still going down....