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S&P 500 Flashing Red Warning Sign on Aborted Rally

The S&P gapped down this morning, went green, then collapsed. That's a big warning sign.
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S&P 500 chart courtesy of StockCharts.Com

S&P 500 chart courtesy of StockCharts.Com

That's a big flashing warning in my estimation. This Tweet captures the moment.

Alleged Reason for Rally 

This Morning 2:30 AM

"Hells bells, green tomorrow would not surprise me much. But I do not think would hold long. For the week, red"

"Bears should root for the gap down to close tomorrow then collapse as soon as it does."

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And here we are. The day is not over but this does not look pretty, no matter what the close.

This post originated on MishTalk.Com.

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