The Bears Are Back In Town!

And it’s about time they wake up and join the party!

Yes, finally the charts are starting to work again, as the bears took control today and while the bulls took a much needed rest. Looking at the charts now, we are oversold on the 30 minute and shorter time frames, but the 60 minute and the daily still have room to go down a little more.

Since we still haven’t hit that 116.71 spy FP from early this week, I’d say that after this brief bounce ends we should be heading down to that

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