Every Rally is Suspect ..in a Bear Market !
S+P 500 Futures are rolling over tonight from a nearly 50 point
rally on 10/25/18 and are serving notice to the bulls
and the bears that a decision is going to have to be made here,
Laws of physics set loose on the market break of S=P 2710
will not rest until price reaches the multi year
Major Weekly Uptrend Trend Line from Nov,2016 currently at 2625 this week in the S+P Futures.
Bottom Line :
Wait until price gets down to 2625.
It's going to find its way down there, one way or the other,for a decision to be made.
A final point. if price eventually breaks 2625,
"there is nothing there"...
THE_UNWIND
10/25/18 1145 PM New York
rally on 10/25/18 and are serving notice to the bulls
and the bears that a decision is going to have to be made here,
Laws of physics set loose on the market break of S=P 2710
will not rest until price reaches the multi year
Major Weekly Uptrend Trend Line from Nov,2016 currently at 2625 this week in the S+P Futures.
Bottom Line :
Wait until price gets down to 2625.
It's going to find its way down there, one way or the other,for a decision to be made.
A final point. if price eventually breaks 2625,
"there is nothing there"...
THE_UNWIND
10/25/18 1145 PM New York
That is right at the MAJOR TREND SUPPORT LINE,
Almost a Exact Hit on Major Support Trend Line
that I advised that you price was headed to as a destination.
... almost 12 hours ago.
Prices have since rallied off that low.
If 2627.25 Low along with that t Support Line should be violated later today.
it would be the most serious SELL SIGNAL at this juncture you can imagine.
Futures traders like to overshoot, and take out stops,so if 2627.25 low is violated,
wait and see quickly what happens.
The break of long term support , SELL SIGNAL would be absolutely GENUINE !
Below that just in case you need it, is the 5/3/18 Low of 2599.50
Extreme Caution Advised.
THE_UNWIND
10/26/18 1130 am New York