A Tough Read

By -

Well, we opened down hard………..and we're just kind of sitting there. I think everyone has "crash" on their minds (particularly since the historic ones are on Mondays following hard-down Fridays). Judging from this chart, it's difficult to know what to do next. Symmetric triangles are virtually always continuation patterns, so the most obvious conclusion would be would slip past below these levels; but this market has been about nothing but surprises lately.