The_Unwind
Short

"DEER IN THE HEADLIGHT"".. DOW FUTURES DOWN SHARPLY AGAIN

CBOT_MINI:YMZ2018   E-MINI DOW ($5) FUTURES (DEC 2018)
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Stock Index Futures have opened Sharply LOWER
for Dec 6,2018 on a large spike in VOLUME right at the OPEN,
very unusual activity for overnight trading,
continuing the sharp selloff that hit the market on Dec.4,2016,
when Dow Futures were down 800 points.

Believe it or not,last night, and earlier today
the bulls were at it again rallying the futures markets,
in their patented buy the dip mentality.

But as is the case in a Bear Market,
they simply walked right back into
another large, and unforgiving "bull trap". tonight.

You would think these bulls would stop their buying,
and these analysts would stop giving out their same old
broken record LONG recommendations,
that have LOST Investors BILLIONS,thus far.

But No....
They simply continue to be "Deer in the Headlight"

Dow Futures YMZ Last 24840 -206
THE_UNWIND
12/5/18
NEW YORK

Comments

BREAKING NEWS -- Trading in US stock futures had to be halted after violent moves, and markets are spooked.

https://www.fxleaders.com/news/2018/12/06/es-futures-crash-on-reopen-cme-intervenes/

Brace of impact -- Elliot Wave C tends in a declining market is devastating.
+1 Reply
The_Unwind gvoommen
@gvoommen,

Thank you much, gvoommen,
for this news.
Reply
The CME had to freeze trading momentarily I hear to prevent a more severe downward spiral.
+1 Reply
The_Unwind David_Scott
@David_Scott,

Thank you, dedeburn.
Reply
Death cross coming...timing of the news today via Chinese Huawei exec being extradited would make you think they wish these markets to crash.
Reply
RTY (Russell 2,000) looks like death. I'd say a new low is headed out way at least on RTY fairly soon.
Reply
It seems to me corrective wave C of Elliott Wave has begun.
Great analysis.
Reply
@gvoommen, I do hope you are correct. It will be a very merry Christmas indeed if we make a new much lower low.
+1 Reply
gvoommen David_Scott
@David_Scott, yes you are correct.
Reply
The_Unwind gvoommen
@gvoommen,

Thanks :)
Reply
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