Market view

Something very interesting yesterday ,, we got another 1% drop.

So the pullback is right now more than I expected (AND USUALLY) when its worse than expected we are getting close to bottom.

What I find very interesting is the SPY chart -- as the SPY made a PERFECT horizontal line or right shoulder to the potential left shoulder ,, look at charts... If this is perfect ,, we need to RALLY (Thursday).

Also the NDX made a gap fill from the recent rally - lets see if this gap fill will be the bottom in tech stocks.

All in all ,, we added the dip long TNA/EDC my average is 43$ on TNA now swing trade and holding all.

Conclusion:

I believe pullback is done and the next santa rally is comming to take us above 1270+ next and potential above 1300+.

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