Blog

False reversal, upthrust

Professional money was selling heavy into the upbars today. I still continue to see a panic crash on USA markets. The spx will drop to 3400 very soon. There will be several days of climactic selling. Some charts for review below. I advise adding shorts on Thursday market open in spx, dow, nasdaq, russell, Facebook, ... Read More

Panic collapse coming

I added to shorts at Friday open from seeing a very bearish volume setup. The last post was about this. We have heavy distribution, bearish volume divergence and no professional demand. Retailers have been trapped into the wrong side. I see another 20% down move in the nasdaq in a near vertical fashion. I advise ... Read More