Selling continues today.
We would need to at least see the CTick move above the IWM trend in order to believe in a possible reversal.
Also, the EV pattern both for oil and for SCO do not look like a bounce might be coming.
I am staying with the short positions for now.
Pascal
think we have put in the bottom...
utilities are lower on the day, and
bonds should have made new highs considering the trouncing equities took
I agree that XLU is weak and so is gold.
Market preparing for a slightly bearish stance of the Fed.
20DMF stll looks weak, oil is nowhere ready to bounce (equities negative) and I have a question amrk regarding the 10Y, whihc do not attract much selling.
Anyway, I shorted Treasuries as it was my plan.
Pascal
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