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.
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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