arun - I have simplified as much as possible and provided data
points using Fibs, Pivots all within the newsletter last night.
I suggest you listen.
The trend in the market remains to the downside and one must see
clear evidence for that to change. Panic (or forced) selling
does not care about support. Keep an eye on TLT - for a rally
to sustain prefer to see TLT also move higher. When the SPX
rallied without TLT this week, it eventually stalled and reversed
back down.
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arun - I have simplified
SPY. So much for the ABC. Now we have five ...
Posted by steve on 9th of Feb 2018 at 07:00 am
arun - I have simplified as much as possible and provided data points using Fibs, Pivots all within the newsletter last night. I suggest you listen.
The trend in the market remains to the downside and one must see clear evidence for that to change. Panic (or forced) selling does not care about support. Keep an eye on TLT - for a rally to sustain prefer to see TLT also move higher. When the SPX rallied without TLT this week, it eventually stalled and reversed back down.