ES - 4 Hour / Short Durations Becoming Oversold - RT
A potential Minor Retracemnt is approaching.
Should the ES continue to decline -it will drag
everything down with it.
Equity Markets are all highly Correlated now.
The NDX 200 SMA is below @ 14986. Typically,
it Dips in and reverses for a Countertrend.
Sellers remain in control, yesterday was an
excellent example.
_______________________________________
Should the Selling persist (and it should as Price
has Lower Price Objectives ) - the decline could
easily accelerate.
The Vix is due for a Minor Pullback as well.
Yields are backing off as we suggested yesterday
after exceeding 1.90.
EPS has been weak, very weak.
Should the ES continue to decline -it will drag
everything down with it.
Equity Markets are all highly Correlated now.
The NDX 200 SMA is below @ 14986. Typically,
it Dips in and reverses for a Countertrend.
Sellers remain in control, yesterday was an
excellent example.
_______________________________________
Should the Selling persist (and it should as Price
has Lower Price Objectives ) - the decline could
easily accelerate.
The Vix is due for a Minor Pullback as well.
Yields are backing off as we suggested yesterday
after exceeding 1.90.
EPS has been weak, very weak.