Probably not going to see a pullback today, its almost a mirror of yesterday's chart, one way street till the bulls/bears blow up at the close. Not going to watch this anymore, its agonising to say the least.
It is still range bound however once it breaks were headed down fast..... This was a relief rally today which I do expect it to last 2-3 more possible days especially if Asia rallies big tonight.... I have sold most of my short etfs on this drop and waiting it out until the markets rally a strong 5-7% before getting back in with more short etf. .I think the markets can possibly erase all losses for 2016 by February but i do see the markets falling hard with a bear market in the making.
Sadly, I will be unable to follow this discussion any further. Here we have a posting where the author is taking credit for calling that we would hit Auggie lows. However, 3 postings prior, the poster was discussing rallies and having gotten out of shorts etc. --Something rotten in Norway, Sweden and Denmark.
My opinion is the market is waiting for the FOMC meeting next week. They want to know the pace of the rate hikes