JPM has hit the target JJ and I have been yapping about for what seems like years! It could bounce here. Should bounce here. Thing is, stuff like GS "shoulda" bounced long ago, too. Just a horrible bleed.
The bull case, even short term, isn't looking so hot. The wiggles aren't conclusive, but there's a decent shot, imo, for new lows today, at least SPX wise. INDU actually holding better than the SPX for now, but a break of 8200 there should get us to 8000 again. But, as keeps being the case, we haven't quite broken down, thus leaving a lack of clarity for me. Still wouldn't be long, though! |
