The S+P 500 "breakaway gap" downside reversal on Dec.22
has caught market bulls almost like "deer in the headlights",
in an "incredible reversal" of fortune.
Just when it seemed that the coast was all clear,
and a short term meaningful bottom at 3795 was in place,
the sellers came out in droves this morning, seemingly out of nowhere
surprising perhaps even hard core bears,
who had found themselves
mistakingly capitulating to the bulls earlier this week.
The potential downside on the chart for the S+P is now "suddenly serious"
Just like that, the stock market turned on a dime,
lead by "big technology" stocks, most who have
almost "fatal looking" longer- term charts.
THE_UNWIND
12/22/22
Woods Of Connecticut
has caught market bulls almost like "deer in the headlights",
in an "incredible reversal" of fortune.
Just when it seemed that the coast was all clear,
and a short term meaningful bottom at 3795 was in place,
the sellers came out in droves this morning, seemingly out of nowhere
surprising perhaps even hard core bears,
who had found themselves
mistakingly capitulating to the bulls earlier this week.
The potential downside on the chart for the S+P is now "suddenly serious"
Just like that, the stock market turned on a dime,
lead by "big technology" stocks, most who have
almost "fatal looking" longer- term charts.
THE_UNWIND
12/22/22
Woods Of Connecticut