What I'm expecting starting Wednesday.
Surprise Bad news coming out.
The $VIX shooting higher over 35 resistance.
Market opening much lower.
FED still dishing out the pain.
Market selling off before Big Cap earnings reports.
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Thanks for the heads up. Any specific indicator other than SMAs we need to be looking out for?
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TNX seems to confirm. It is right at the 50, after a clear test of the lower trend-line. Fifth time it set a faster rising trend-line in as many weeks. And their won’t be much of a bounce down at the 30-minute 50 just overhead. Not much resistance above.
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Wednesday is buy Yom day. Often marks a short term bottom.
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We have jobs data Tuesday (JOLTS), Wednesday (ADP) and Friday (Nonfarm Payrolls). My bet all those come in hot and bring more pain like you said.
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