Bears trying to wrestle control away from the bulls based on today’s price action. Key price levels were violated moving averages were lost and the bears have the opportunity to really conjure up some problems here for the markets going forward. Another hard sell-off tomorrow and you have renewed discussions of another test of the 1810-12.
For now lets see how the futures are performing. Right now a bit bearish but nothing to feel overly confident about if you are short this market (I’m 10% short for now, 90% cash).
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