The only good that can be said about today or this week is that its over and behind us. After a decent bounce yesterday, the markets failed to follow through today giving up more ground yet again. Every major sector finished in the red and breadth rolled over to end negative.
There have been some decent trades out there lately, but keeping your time frames short has been a must.
The technical damage that has been done is severe and we aren't going to repair this damage overnight however the probability of a snap increases the longer we trend lower. We have raised quite a bit of cash and when a tradable bounce comes, well be there to play it however will not be fooled into thinking it is the start of another great run.
Rest up this weekend and do something fun that takes your mind off this terrible action.
Well see you bright and early Monday morning.
Have a good evening.
RevShark