Hello Everyone,
When I called it a day yesterday, the /ES was down nearly 8 points, and when I woke up, it was up by an equal amount. But in spite of this bit of newfound strength, I still believe we're heading downward overall, with the low 800s my intermediate-term target for the S&P.
One thing I note with interest is that the EUR/USD is exhibiting a very clear H&S pattern on the minute bar chart, suggesting a tumble is imminent (which would mean a stronger dollar, weaker crude, stronger ERY).
As a reminder, my brain transplant toe surgery is this Wednesday, so I'll be out for most of that day.
