Home / Uncategorized / The S&P500 Emini closes below 989′s level on a big gap down day
The S&P500 Emini closes below 989′s level on a big gap down day
Today I had my confirmation of an intermediate term top is now in place with the cash session close below the 989′s level. The big gap down for Monday’s cash session had buyers in hiding as the market spent most of the day trapped in a tight rotational range at the lows. Eventually, additional selling drove the market lower for a new low of day to the 975.50 level. The final hour of the day remained very weak as buyers were unable to cause any decent short covering push into the last 30 minutes prior to the cash session close.
Video 1
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