Great post as always RB, you’ve been calling a bear flag for...

Great post as always RB, you’ve been calling a bear flag for weeks now.

I did notice that the vix only ticked up slightly today and still sits below 12. This tells me there is still little fear in the market.

Could it be that this is just a multi day shakeout? Volume very low yesterday, seemed about average today.

We still haven’t broken through September’s low of 6102 (though that could easily occur tomorrow) and the next test below there is the 200 DMA at around 6080. So there will be plenty of support around these levels.

Brokers have not downgraded our banks post the Hayne update on Friday.

I certainly feel your sentiment and you’d only need to flick through the AFR today and you’d think we were headed for recession!

The December quarter is usually very positive and US mid-terms are also historically bullish for the market.

I’m still optimistic