Good afternoon emos and trendies.
Just thinking we seem to be setting up for a spike low here, the falls seem to be accelerating. I've been stopped a few times, but nothing major (close stops for reversal trades, and wider stops on trend following trades IMO).
Remember that the US is having their thanksgiving holiday, so we will only have them shakey Euro's holding up the markets.
It could give us a low maybe on Monday morning on a gap down?
A spike low late tonight/ early tomorrow on the indices wouldnt surprise me.
SPI 4hr below, and a regular uptrending triple bottom would target about 3900. Break below 3800 could spell ugly C wave. Might have to do some screen time tonight, after some time with the Zoomba girls I think.
Bio sector seems to be gaining some interest, is a typical bear market rally when the Healthcare sector outperforms. Good luck to you all, and safe trading.
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