Futures down. Our neat five waver which looked completed yesterday is in danger. If the low of 1347.75 gets taken out, then we either have an extension of some sort, or maybe even the start of a bigger move down. The correction was kind of small, just an intraday bounce. I still think it will go on a bit longer, but - who knows.
In a bear market surprises are to the downside - so, if we start getting them to the downside, that may suggest that the larger turn may be in....
Oil, btw, is "planning" to gap under its 200 dma. |
