DA BEARS! LETS GO RANGERS!

First lets look at today's great day for the bears. There was an abundance of red candles. The bulls didn't stand a chance. But a little caveat for the bears, if you are short term Look at the STOCH. It currently in an oversold position and got there very quick. This could give the market some momentum to run up a little bit. But this chart is an hourly so it could be for a short time.


Look at that bearish engulfing candle stick. It is perfect, the SPX closed at it's lows and never got above the open. The bears had full control of this market. SPX is back below the Nov trendline and below 850, which in my post this morning I said to watch out for the 850 support levels. So the first test of the support was a failure. Noted! I think the key to watch now is 830-828.18. A break of this and it's a move to 800.


Also note look at the volume today, all BEARS! MEGA CHARTS are coming later tonight!!

Also I hope you got into some of PIKERS PICKS (not the longs, like I said yesterday I want to see what the market does)especially CXO! I shorted SHWC as well


It was a great day today this song should be played to celebrate and hopefully it will be played a lot tonight