A little hard to see but...here is my short-intermediate term puzzle piece of market speculation.
This is what I'm thinking. A possible bear flag or a channel breakout. Looking at both of my scenarios its a question of how much fuel do we add to the fire? Either way I see it as short term bullish - intermediate term bearish! I would like to see the S & P at 1040 in the coming days/weeks and then some sort of divergence and a strong rally to finish the year. But again, I'm speculating and therefore trading extremely light or intraday only until one of the patterns confirms. You should take what I think with a grain of salt, but I think there is way more downside potential than up, My $.02.
Mandown, your timing in to the market could not have been more perfect in hindsight.
This is what I'm thinking. A possible bear flag or a channel breakout. Looking at both of my scenarios its a question of how much fuel do we add to the fire? Either way I see it as short term bullish - intermediate term bearish! I would like to see the S & P at 1040 in the coming days/weeks and then some sort of divergence and a strong rally to finish the year. But again, I'm speculating and therefore trading extremely light or intraday only until one of the patterns confirms. You should take what I think with a grain of salt, but I think there is way more downside potential than up, My $.02.
Mandown, your timing in to the market could not have been more perfect in hindsight.
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