We have been warning for a week or so, that a day like today was coming.
After a week of consolidation and the market doing nothing, we finally broke the support zone, and the S&P closed down -23.34 OR -1.32%
As you can see below the big boys (SMART MONEY) are using this opportunity to start dumping.
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| what the big boys are doing? |
Again, there is most likely more selling and profit taking to occur I think but again, while every so called analyst is calling a multi-generational top, and this is the start of a crash, we think this is just another type of DIP in a bull market.
You can see just how resilient this market is at the moment. We have one nice red day now, lets see what happens with one day left and the all important JOBS number that many traders will be watching.
The next few days on the market will be interesting!
Happy trading.
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