OK, reversal day? Yes. Will the pullback continue? No idea. ChiOsc on SPY 30 min chart is a little bit too low (see blue dashed lines) so the market should rebound at least tomorrow morning. The bottom line, still expect consolidation (or small rise) for a few days then pullback. Not sure if the consolidation ended today or there’s more. Well, not exactly not sure as I’ll have a speculation chart in tonight’s report. See you there.
Daily Market Commentary: Low Volume Breakouts
55 minutes ago