Thursday, December 8, 2011

S&P 500 Intraday Bias, 12/8/11

At 10:03 AM, Negative, suggesting sell the rallies intraday.

A topping pattern has been forming. This suggests the market will soon begin a swing down-- perhaps even today.

Recap of why I'm bearish.

1 comment:

  1. You are the man, but I believe that we bottomed today or will bottom tomorrow. Max downside is 703 on the Russell. Next we go up at least 10%.

    Congrats on the SDS trade!