Bear Stern holding off of problems....right off the gate 605 pivot was violated and there was no doubt for shorts, fell into the 598 and s1-s2 zone and short coverings at the close to below pivot 605. It is now back to the sell zone. It looks like the market is pricing in a disappointment for the Fed cut next week. If that is the case, we have not seen the bottom yet. Monday's numbers are 608, 599 and 587. It looks like an up to sideway day on Monday and if the Fed disapoints on Tuesday then the sellings will resume and it is not going to be pretty.
Good luck
2c
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