Today we saw 3480. What the next level?
Is it broke the bearish scenario?
Ziminy13
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Yep, I think it needs a pullback. Also, a lot of sectors and stocks have just created their cups, and now need to make their handle before the market can be on solid footing again. At the very least, I agree on the 3420 pullback to fill the 2 gaps on the S&P. I'm shorting Semiconductors. The worst ones rose the most, which tells me there is a lot of speculation in the sector, and it needs to shake out the week hands on the pullback. It also has the biggest gaps to fill. FIRM STOPS to minimize loss if wrong. Good luck all.
VincePrince
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The chart is speaking a bearish language, I agree with you on this.