Tending to agree Orwell. Despite my amateur hour charting work I'm struggling to make a bullish case. Dow and Nasdaq are hanging on (just, and only on the monthly), but S&P500 and Russell look really crook.
DJI
NASDAQ
SPX
RUT
If "rates on hold" couldn't end the correction then it's not looking good.
The only positive scenario i can think of is that big money wants to lure us into selling before piling in again.
I've been cautiously scaling into short positions, with some very small spec puts. If monthly candles confirm then will look to get more aggressive.
The Big Boys, page-268
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