Last night, I issued a stock markets forecast, and warned to beware of any false move. Why a move would be false? Whenever, Markets try to break a barrier, whether, as a resistance, or support, it must do with some exhibition of power. Power is manifested with the gap up or gap down or long bars with strong volume. Today stock markets lacked both of them. NASDAQ, was especially weak.
Therefore, stock markets followed according to my stock market Forecast. stock markets exhibited an exhausting pattern.
Stock Market Makers fooled everyone who was long , and took all the buy stops out at the high of the day.
Look for (some) support @ SPY (S and P 500 spiders) price of $110.07,
if that breaks then look for a support @ green horizontal and yellow horizontal lines at my todays’ chart, posted before the stock market Open
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