Bearish Stock Market Ahead But Some Bullishness Left

While we didn’t crash on Friday, the sell off was still nice… for the bears of course!

(to watch on youtube:

What’s next? Will we resume the uptrend or break the current support and put in another RED week? That’s a tough one to answer of course, so I’ll just cover both cases and see which on plays out.
On the Bullish Side:
The move up from the 1250 spx area back in March of 2010 could be viewed as a 5 wave pattern move… meaning one

Read more …


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s