as the DECLINE in the S+P 500 goes on.. without a hitch.
Sharp immediate rally on 10/29/18 satisfied the bulls,
as short term divergences allowed the S+P rally back above 2700.
However 45 Degree Angle of Resistance at 2710
that I have been writing about continually,...
easily fought off another very sharp rally attempt,
and price plummeted down... another 100 points ! ...to the 2603 level,
before rallying back 38 fib points, in the last 15 minutes to close at 2641.
The message here continues to be material, and very important
Sharp intra- day rallies that excite the bulls, continue to EVAPORATE, IN THIN AIR
Extreme Caution Continues to be Recommended.
THE_UNWIND 10/29/19 445 PM