Stars align for the bears

20 feb 2023Going back to the last FOMO flush out in mid September, look at the volume profile from there forward - confluence with the Bear trend line retest and the 2/1 Gann pulled from the October low. Turns me bearish. Lots of support to get through but I think its a strong possibility we see sub 3900 by mid march. Interesting, that purple line resistance extends all the way back to the GFC. The market took a turn last week after the hot inflation reports. We have meeting minutes and the Fed's favorite inflation indicator on Friday next week.