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hungry_hippo

ES Update

S&P 500 E-mini Futures (CME_MINI:ES1!)  
hungry_hippo Updated   
CME_MINI:ES1!   S&P 500 E-mini Futures
Chart Patterns Technical Indicators S&P 500 E-Mini Futures SPX (S&P 500 Index)
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chartpattern indicator es1! spx
Well, ES just broke the lower trendline of this megachannel we have been in.
RTY broke support.
NDX broke 200DMA
AAPL tanking
NFLX looks like crap AH

Everything is bearish, but indicators show tomorrow should be a drop and reversal like last Friday. Then again next Monday could wind up like this Tuesday, so no long positions until next week.

Don;t get carried away buying the dip, it's a long ways down, and much like today, expect some whipsaw and complete change of directions.
Comment:
Everything is oversold on the daily, but NFLX was severely oversold and went down anyways. Looks like the market will gap down tomorrow, not sure if it will be an exhaustion gap or a breakaway gap.

I have no idea what to tell you if you have a long position, so don't ask. Flipping my puts in the morning and calling it a week. Plan to stay cash over the weekend and figure crap out next week, lol.
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