On the intraday trades, a quick whoosh down from here would be a nice risk/reward buy of the NDX futures. I've booked the shorts at this point and am waiting to pounce for a bounce again keeping with the thought of a bounce that fails. If I can't get a good entry then I'll stand aside and simply wait for a re-entry on the short side.
The tone has been changing of late and today's negativity pervades most everything except the chips. If they fold, then look out below because a reversal there would set up a very ugly chart pattern for the indexes.
The tone has been changing of late and today's negativity pervades most everything except the chips. If they fold, then look out below because a reversal there would set up a very ugly chart pattern for the indexes.
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