Why did we not get the expected pullback midday? Seems there was a longer cycle influencing market movement. So lets back off and look. There is a 5 +/- day cycle that was up and topped today that appears to have overridden the shorter cycles. Take a look:
This cycle should have topped today and will be down the next 2.5-3 days. This increases the odds that Thur and Friday will have a down bias. Here is the outlook for tomorrow:
It appears that the low for tomorrow should be between 3:00 and 4:00. It also appears the day should start with a downward bias (maybe a gap down?).
Do you own analysis - this is my opinion based on the data I have looked at. GL.
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