Think I'm looking at a bear flag + head & shoulders in the making...
The backbreaking climb up today from yesterday's plunge is telling of a market that's not taking the failed bailout very well YET.
Having said that, as I'm writing, I'm seeing a failed bear flag.
Still a laborious climb up though.
A confused market where bears are not sure if the market has seen its worst yesterday and are covering, and bulls are baffled, beat and BROKE?
If NQ doesn't hit and stay above 1575, it might just give the bears some nerve to hammer it down on the bulls.
As always, I'm waiting for the PLUNGE.
To 1540, then 1520?
Let it be 1520!!!
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