|The down is not over.
The models are neutral and will go to negative on a rally to nowhere after the Fed.
Spoo 100X3 is just hanging on by a thread.
Markets move from one matrix level to the next!!
Spoo is off almost 300 points from a failed rally into late London on Thursday.
There will be oversold trading rallies that I expect will be short lived.
Indices have traded overbought for years.
Now that the market is bearish, we’ll trade oversold.