European markets opened with a pop, turning hourly cycle indicators on the ES – S&P futures to the buy side. Those who went out short last night now face a “Come to Jaysus moment.” Whether they survive to fight on or not largely depends on two numbers. 3915 and 3924. If those hold, the downtrend stays intact.
If they don’t hold, then there’s a no man’s land from 3924 to 3930. Above that they fly. Below we wait and see.
A little later, I posted this.
There’s hope.
This is a syndicated post, which originally appeared at Stool Pigeons Wire at Capitalstool.com. View original post.
