Now that the Day and the Swing Traders are running for the exit we have to monitor how much staying power the Position traders have and to what extent they start buying the dip, which we should expect. The question is whether this will overcome the current weakness?
The Breadth Picture is similar, where we see clear cracks in the bullish fassade. The Bulls have to recapture the Tape before the weekend or we run into a
potential Black Friday- Crash next week scenario....
Thursday and Friday will be very important for the Bulls!!
The Breadth Picture is similar, where we see clear cracks in the bullish fassade. The Bulls have to recapture the Tape before the weekend or we run into a potential Black Friday- Crash next week scenario....
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