Good morning! The daily cycle bear flag will be confirmed at the open with a gap lower of around 1.25% or so, that gets us to around sp'1365.
Everything is looking good for a bearish week ahead.
This remains the primary chart to keep in mind...
Sp'daily, bearish outlook
Doubtless, regardless of how low we fall this morning, we'll get a bounce/test of the 10MA later in the day, and then rollover again.
Those bulls who were going long on Friday are getting a chance to exit this morning for just a minor loss, if they hold, they could be panic selling by late Wednesday. From a bear's perspective, this could be a highly amusing week to watch and be part of ;)
Much more throughout the day!
Everything is looking good for a bearish week ahead.
This remains the primary chart to keep in mind...
Sp'daily, bearish outlook
Doubtless, regardless of how low we fall this morning, we'll get a bounce/test of the 10MA later in the day, and then rollover again.
Those bulls who were going long on Friday are getting a chance to exit this morning for just a minor loss, if they hold, they could be panic selling by late Wednesday. From a bear's perspective, this could be a highly amusing week to watch and be part of ;)
Much more throughout the day!
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