woeful tuesday, page-3

Make or break is now.

SPX continued lower after the close and our close on SYCOM and has retraced 61.8% of the bounce of the previous day on 24 hr charts.

It needs to start moving up from here if it is to survive.

We have had our retest of the May 6th low and there is no second retest.

So any lower and we fall out the bottom and there will be a long way to fall IMO.

That SPI premium yesterday got it wrong. Strange. Surely you should be able to trust the futures! Well, you can. Trust them to be always wrong.