Early Market Update

The downside in the market this morning has been nearly instantly confirmed in 3C.

Before this consolidation/continuation triangle (bearish) even broke out to the upside yesterday, I warned that it most likely would and most likely would fail as a head fake. It then broke out, yesterday we saw signs of failure and today it is confirmed. For newer members, that is how often this happens, that it is that predictable before it even happens.

Here are this morning's confirmations of the gap down.

 DIA which started with the failure of the head fake breakout yesterday.

QQQ gap down confirmation.

SPY is confirmed with the head fake failure yesterday as well

I've had to do a lot of reading this morning to understand what's going on and how bad it is and what it possibly means, that's coming up next.