The Bears Are Back!

Wednesday update… we came close enough to the 118.55 SPY FP I believe, and should roll over tomorrow. I made a mistake in yesterday’s video about the Initial Claims and Continuing Claims numbers, as they aren’t released until tomorrow morning. Since we have already went up and got the short term charts all oversold, I now expect the numbers to disappoint and be blamed for the selloff.

(to watch on YouTube: http://www.youtube.com/watch?v=KiFxWE96Oho)

The charts say we roll over

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