S&P500 hourly chart pans out bearish bias adn what is next...
As highlighted previously, this is a breakdown of the technical development of yesterday's market tank.
26 Jan gave heads up of the impending trend change.
There were two ranges (white rectangles) pre and post Trump-Biden transition
Lower High and Lower Low series happened, then it puked...
VIX gave clear and present danger heads up (another story in review)
So how now, brown cow?
Bounce underway... should see stalling about 3780
and then look for next breakdown to 3600
26 Jan gave heads up of the impending trend change.
There were two ranges (white rectangles) pre and post Trump-Biden transition
Lower High and Lower Low series happened, then it puked...
VIX gave clear and present danger heads up (another story in review)
So how now, brown cow?
Bounce underway... should see stalling about 3780
and then look for next breakdown to 3600
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