The Top is Here!

26 Aug

Well, for the short term anyways… The two bearish candlestick patterns on the daily chart of the S&P and across the top line board look to be a telling sign that a pullback is in store, all we need is a catalyst. Look for a quick and vicious move back down to $1000. Of course, if the market likes Thursday’s GDP # and we do happen to move above $1038, we will be buying with both hands as bears’ stops will be triggered initiating a rapped move to the upside.

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