If we pierce 2646, my guess is we now head to 2632. We should pivot there. if not, 2619 is the next opportunity to turn this thing around.
I still don't see us having a huge down until after the FOMC meeting next week so I'm still optimistic we get back above 2671, and then we re-evaluate.
I will say this...don't think about things like a Santa Rally. Don't do as i do...
What i am seeing is a lot of chop...and being an old sailor i can tell you...that stuff is just disgusting.
Standing by for heavy rolls tomorrow...
FS
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