The market started the day nicely climbing in the first few hours ... with the SP500 up almost 1% at one point, but by the close of day all the gains were stripped away and we close the day flat.
Volume on the climb up was again ... lacking.
So far my analysis has definitely not changed over the past few days, the bulls seem to show little interest in driving this market higher.
The latest rally attempt is continuing to look like a bounce and not a rally. That is ... a bounce to eventually be undercut once the shorts get aggressive again.
Protect your capital, it is looking like we have another leg down coming soon.
Volume on the climb up was again ... lacking.
So far my analysis has definitely not changed over the past few days, the bulls seem to show little interest in driving this market higher.
The latest rally attempt is continuing to look like a bounce and not a rally. That is ... a bounce to eventually be undercut once the shorts get aggressive again.
Protect your capital, it is looking like we have another leg down coming soon.
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