I totally forgot to mention the new moon which is on Thursday. It’s quite likely we churn tomorrow before starting the next leg down on Thursday as new moons have recently marked a change in trend and this is a perfect area for the markets to pause and shake out some of those who chased the market on the long side.

3 Responses to “Markets Doing Best To Squeeze Shorts”

  1. Dan Krudys Says:

    Jeff, how do you feel short term about wfm? After watching the video, I realize you are bearish overall……but….any opportunity s.t. with wfm? thanks, Dan

  2. Thinksmart Says:

    If we break up or break down on the Nasdaq at this point, it will be a major movement.

  3. jeff pierce Says:

    bearish…this is likely heading back to $87

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