S+P Gapped Below 4 Hour Support at 2573.00 on the OPEN on 11/15/17
4 Hour Chart ( Institutional Chart used by Technician Tom Demark ) shows the S+P Rolling Over, with a destiny with 2544-2539.
It is an Extremely Bearish Pattern ! Gravity is not supporting price ! Any rallies could be sharp, but ultimately brief
Market participants show NO PANIC whatsoever, as TRIN Levels are just above average.
IF S+P 2539 is VIOLATED in this ROLLOVER PATTERN , There is NOTHING BUT THIN AIR BELOW !!! PANIC.
THE_UNWIND
4 Hour Chart ( Institutional Chart used by Technician Tom Demark ) shows the S+P Rolling Over, with a destiny with 2544-2539.
It is an Extremely Bearish Pattern ! Gravity is not supporting price ! Any rallies could be sharp, but ultimately brief
Market participants show NO PANIC whatsoever, as TRIN Levels are just above average.
IF S+P 2539 is VIOLATED in this ROLLOVER PATTERN , There is NOTHING BUT THIN AIR BELOW !!! PANIC.
THE_UNWIND
Use the rally to add or initiate positions.
Trading is a tough game, and the stock market is a very risky place.
It takes courage of conviction,
and guts to go against the crowd as they bid up price.
Hang tough. Believe in your long term charts.
When the break to the downside really occurs,... you will be in...
and the reward will be oh so plentiful.
THE_UNWIND