Looks like it backtested support. Indicators are neutral so it can go either way, but damn it looks bearish.
Remember Europe dictates the gap. Wasn't a big gap this morning because Europe was doing a retrace from the Monday morning drop.
Remember Europe dictates the gap. Wasn't a big gap this morning because Europe was doing a retrace from the Monday morning drop.
註釋
I would not go long on anything until Russia cuts of natural gas to Europe, then the bottom will form.This issue isn't going to be resolved any time soon, and next winter is gonna suck for all Europeans.
Meanwhile, housing and energy prices are still driving inflation in the US so the Fed can't use QE and rate cuts as a weapon. I said that over a year ago that the Fed used up its weapons, and there will be hell to pay if anything else goes wrong.
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