The bulls have been backed into a tight spot here by the bears with the technicals pointing to further downside in the market, and Mr. Carl Icahn creating “HD Movies”.
As we get ready to end the third quarter of 2015, the bulls are attempting to bounce this thing. However, as of late, these gaps have been faded each and every time which is evident that the bear is alive and well. Will the pattern change?
Regardless of your timeframe, we are due for a bounce. So get those Falcon doors up, here it is.
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Those Falcon doors sure could be useful in a tight spot though. @TeslaMotors #ModelX pic.twitter.com/ybWNC4owuW
— Edmunds.com (@edmunds) September 30, 2015
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the mindset has not changed yet…people are still wanting to buy dips instead of selling rallies…after 6 years, no one can blame them
thats a fundamental difference between a bull market and a bear market
and NO ONE I listen to says this IS a bear market..NO ONE
I happen to agree with you here. Going to be a lot of pain if today’s move is faded.
I continue to tread lightly here with a very high cash %.
Those volume pockets to the downside are a bit scary for me to be fully invested.
Chart looks very similar to Oct ’14
http://finviz.com/futures_charts.ashx?t=ES