for the bears of course. Make no mistakes, this is to be expected. You can basically be a bear until the weekly turns, but then you need a bigger pocket book and a longer horizon. It broke out as expected from the narrowing of pivot numbers and to the downside because of the pitiful job creation numbers. The selling sentiment is very high, but since this is orderly exit, more selling is to be expected. Monday's numbers are 670, 665, and 655. Since the uptrend is broken to the downside, short on rallies until otherwise.
Daily H&S will complete at around 654
Weekly H&S will complete at 624 March low
2c
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