The market is more bearish than orginally thought. There is a very high probability that it will bounce tomorrow and if it does not then it is like January of this year with a long grinding downward and will be scary. Tomorrow's numbers are 615, 612 and 605. The only sure thing about a turn is when it closes above the pivot 612 tomorrow. In the past few days, it has been falling from daily pivots. All indicators are lagging and they can only provide a probability of success. In other words, sadly tomorrow has a better chance of turning than today. Price is the number one indicator and if it closes above pivot then it will turn. But then again fundamentals can crush it down again.
good luck
2c
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment