Finally, we are getting a pull back.
Sell, sell, sell -- the wave of the Red Sea is coming down.
Monday, April 06, 2009 8:59:52 AM
Markets are pulling back after reaching the SPX 850 target. Since the March 6, 2009 bottom at SPX 666.79, markets were absolutely skyrocketing relentlessly without any decent pull back which was showing strong trend following up price momentum with negative divergences.
Many bears were running tails tucked in and are slaughtered ruthlessly, and with the bull rocket bomb reined on bears lately, we don't have many bears left.
Markets retrieved from the resistances.
$COMPX 1625 +/-
$INDU 8075 +/-
$INX 850 +/-
Qs megaphone formation is completed at 32.50 +/-.
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