We few, we happy few, we band of brothers;
For he to-day that sheds his blood with me
Shall be my brother; be he ne'er so vile,
This day shall gentle his condition;
And gentlemen in England now a-bed
Shall think themselves accurs'd they were not here,
And hold their manhoods cheap whiles any speaks
That fought with us upon Saint Crispin's day.
William Shakespeare, Henry V, c. 1600
–
Blood in the street as the market makes a heavy plunge below 2700 to settle below the lower extreme for the first time since 2016.
Are we there yet? Well, maybe… but we will need to see significant stabilisation in price and in the oscillators to be convinced.
Relatively high ARMs and Put / Call ratios, but the VIX remains at levels that do not convey the drama of a 3% decline. Hmm still smelling a rat.
Watch to see if we have some kind of recovery followed by, more of the same.
And today is an echo high, after which we could expect… more selling.
Be prepared for whatever is coming next, and trade with confidence:
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Disclaimer: This is the diary of a personal trading system, its methodology and the signals that it is producing. You are welcome to follow along but please understand that the information presented here is for educational purposes only. No recommendations are being made to buy, or sell stocks, options or futures contracts. Please consult your own financial advisor before making any investment decisions.
