Hey Mr Dev, I am expecting a pull back on S&P to close a gap down to 1461 on June S&P. It could be a choppy correction. If selling is strong, then maybe the market could be in bigger trouble (although right now I don't see that). Internals are pretty strong, so for now, I am not ready for betting on a bigger decline other than a pull back. What do you think?
Denleo
Glad to hear we are together on this,.. at least going in.
Ya I see it the same way also, but my internal charts were weakened and either a longer slower decline or a
sharp sell of could turn them down from their recent climb from the Feb sell off. But I'm not trying to think long term.
Seems if I try and just get the next days direction correct I often land big days or reversals either way.
I think you are right at this time.