MysteriousPersian

Ominous looking top

Short
FX:SPX500   S&P 500 Index
The markets have been teasing new highs for a while now. The latest price action from this week shows a tremendous amount of selling pressure that will most likely result in stocks making short term intermediate lows and deepening the current correction. Be very cautious going long.
Comment: Currently dropping incredibly steeply. The velocity and momentum lead me to believe there will be continued selling here as a result of over bullishness in the last year.
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