A SHAKE OUT LOW at S+P 2670.75 on 11/15/18,
looks to be in place, short term.. on the chart.
I say a shake out low, because I do not see this
a full capitulation panic bottom, that is ultimately needed to cleanse the market
of all the weak hands available.
There were simply too many hungry bulls, or buyers
looking to be fed, and made whole at 2670 this morning.
To me it was just too pat, and ultimately too simple a bottom to recognize.
But you never know...
Things can change in a heartbeat,.. in market psychology,
...once traders sense a bottom could be in place.
I am using 2719 as a STOP.
ANY ..CLOSE.. BACK ABOVE 2719
WOULD MARK AN IMPORTANT TURNING POINT, + BULLISH REVERSAL.
THE_UNWIND
11/15/18 1210 PM
NEW YORK
looks to be in place, short term.. on the chart.
I say a shake out low, because I do not see this
a full capitulation panic bottom, that is ultimately needed to cleanse the market
of all the weak hands available.
There were simply too many hungry bulls, or buyers
looking to be fed, and made whole at 2670 this morning.
To me it was just too pat, and ultimately too simple a bottom to recognize.
But you never know...
Things can change in a heartbeat,.. in market psychology,
...once traders sense a bottom could be in place.
I am using 2719 as a STOP.
ANY ..CLOSE.. BACK ABOVE 2719
WOULD MARK AN IMPORTANT TURNING POINT, + BULLISH REVERSAL.
THE_UNWIND
11/15/18 1210 PM
NEW YORK