Wanted to get into the DOW shorting party?
didnt have a ticket to the Red Candle Rager?
Your ticket would have been valid yesterday afternoon and/or this morning. (When the green candles were everywhere and giving us a better entry into shorting)
The Red Candle Rager party started again in the last hour and we have been showered with red candles (think confetti) since our 50% reverse fib retracement at around the 24,622 level.
We have shot down 500 points from there since this posting and well...the bulls are quietly leaving the party with heads down.
The bears are starting to get drunk and wild because...well...red candles.
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