DB wanted to first thank you for your post I enjoy them very much.
I was sitting here thinking about what would be a real nasty move. To leave the gap open and rally into Thursday when powel reverses the words, afer seeing the market rocket up. We probably would see something pretty amazing and rare. Going a bit south. I doubt that the bad part would not happen until January but who knows.
It would not surprise me to see es close right about where we did in Nov. around the 2756 area. Hard to imagine not getting over the 2818 even briefly but again who knows.
Thanks, Z, I learn a lot from your posts, during the past many years.
When a market does not go up on two very bullish piece of news then one has to wonder if it does not want to go up and the easiest path is down
Also, the selling today does not look like retail traders
And, the algo traders usually buy the intraday dips but have they programmed it now to sell the intraday rallies?
Of course, all this could be mere speculation and the market may be resting for a a session or two before resuming last week's rally
Edited by dTraderB, 03 December 2018 - 03:29 PM.