- global rate cut of 50 bps
Bullish
- indecision candles
- bulls gave a nice fight
- short sale ban ends tonite
- WB's deal will most likely be done before tomorrow's open
- very very oversold as its now SIX days in a row of declines
Bearish
- still closed near lows after a bullish intraday rally
- tech lost all its big gains intraday
- rate cut and we still fell hard
- VIX still making nice candles
SPX
- first doji in a very long time
NDX
- closed even with yesterday's close
XLF
- closed well below yesterday's close
- doji made
RKH
- broke the big level of support
UUP
- straddling support
- bearish divergence
USO
- holding support but not much rise
Analysis
- a reversal might occur soon in most of the charts...indecision is the theme of the day as we got a nice battle between bulls and bears. analysts like how the bears, for the first time in many days, did not just heel over and fall...
- hard to feel very bullish until we get confirmation tomorrow but today does setup for a nice 3 day reversal pattern...all we need is tomorrow's candle to be good...
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