- Yeah, baby, yeah!
- Good news for bears seems to be playing out the past few days...intraday trading has become much easier...path of least resistance was definitely down.
- Currently in an area where it should begin to slow/stabilize and attempt to recover some of it's recent losses. If it doesn't, and instead keeps going lower to break the NOV-DEC bottoms, some solid technical damage will have been done and could finally be building an Intermediate Term change.
- So, what may happen...hold those pivot lows discussed above, then rally back toward SP500 1120 area then down toward 1050? Dunno...no one knows with certainty.
- First chart below is daily with some comments...second is the daily scrunched up so you can compare price to moving averages and indicator swings over time for comparison's sake.
- One day at a time!
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