This market is even weaker than I imagined. As I said in my last post, my brief fling with bullishness was quickly dispatched, and I’m pure bear once more with 80% committed to positions and 20% in cash, which I think I’ll leave as-is until after the FOMC. Please take note of these VITALLY important Fibonacci levels!
For the S&P 500 futures, support has changed to resistanceFor the NASDAQ, after it broke its Fibonacci, it never even looked backThe last holdout is the Russell, which is still respecting support
