Just when you thought it was safe to go back into the kitchen.
The bulls ran out of buyers above 2700 this morning.
There are some very savvy traders, on tradingview,com
too many to list here, but overnight large credit
must go to both lapin_ and deedeborn ,
both of whom told me... unequivocally
that some thing was wrong and amiss with that bull reversal we saw yesterday.
Based on what I am seeing this morning, their insights were spot on.
Downside Risk is Now Elevated,for a move back to 2621.53 Low of 12/6/18
THE_UNWIND
12/7/18 1155 AM
NEW YORK.
The bulls ran out of buyers above 2700 this morning.
There are some very savvy traders, on tradingview,com
too many to list here, but overnight large credit
must go to both lapin_ and deedeborn ,
both of whom told me... unequivocally
that some thing was wrong and amiss with that bull reversal we saw yesterday.
Based on what I am seeing this morning, their insights were spot on.
Downside Risk is Now Elevated,for a move back to 2621.53 Low of 12/6/18
THE_UNWIND
12/7/18 1155 AM
NEW YORK.