In another example of "If it bounces, short it", the market will have a VERY hard time putting any bounce together without HYG and as I've shown many times in the past the price divegrence and the 3C divergence are the highest probability resolution and now that resolution is , well actually continuing to the downside as it is already significantly divergent with price.
This is pretty much a full house with almost every HYG timeframe leading negative or confirming the downside move.
1 min
3 min (no local bounce support from HYG)
5 min
15 min
And the biggies, 60 min and the highest probability resolution...
4 Hour leading negative...
This market is in trouble, it's just whether or not we can get some better entries like NFLX is giving us, specifically I'm looking at XLF today.
No comments:
Post a Comment