Here's an update of the chart I posted yesterday. The sell off into the close is telling me the bulls are not fully in control yet. If this is a cup we are likely to see a handle formed up shortly. Emotions are everywhere.
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As part of the bigger picture I think SPX is going to continue to slide down slowly and will hit a 50% retracement level eventually (around 228).
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More exact: 50% is 2240 according to this chart:
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Here's a question for the club. Answer and you become the honorable club member:
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there was a discussion
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I've no interest to discuss club matters in the public park (chess piece moved).
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Among other things: who was being naughty today and tried to short twice too early? Need to discuss.
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At peace and in meditation today. Lights on, doors off the hinges.
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Don't spit out cognac they said. They were brutal but good teachers.
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not being naughty or anything - just having an opinion, I cherish you opinions too, no sarcasm
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k, deal, have a warm day - i'm wrapping it up here, the birds are hungry :)
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p.s. greetings to the quants
signed: amateurs
signed: amateurs
