So far the bounce is muted in the Spu’s.
The previous three 50 point corrections have produced fast rebounds. This is not happening.
The healthcare disruption announced this A.M. is no small thing!!!
I am going neutral all equity Indices tonight.
The risk spreads do not show a blowoff pattern although they’re due for a good correction.
Nasd/Bonds Semi-Annual chart..remember this is a very long -term look! Has me wary of picking a low.
There is no law that says it has to trade the 2000 High without a correction.
The wave counts on the Semi should be enough to make one cautious.
I’m looking for the Spu’s to put in a lower low from last night.
Then I’ll re-evaluate.