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Category: Lee’s Free Thinking

You get what you pay for.

Plunging Neckline

It has been all downhill since I noticed the double top yesterday. Dramatic turn of events. But the ES S&P futilitures had reached their upper measured move target from the reverse head and shoulders breakout, of 4350. At that point, the trading algos all decide that they’d go no further, triggering their Sell Mortimer algos.

Now we’re at the point at 4 AM in NY that the price could drop back below the upper line of the big megaphone pattern.