The power and persistence of yesterday’s selloff made a short at any ‘x’ a winner, since there were few rallies to stop out bears at point ‘C’ highs. This could be the start of something big, but getting aboard will require paying diligent attention to intraday price action. Look for me in the chat room if you’re interested. While it’s disappointing that a 1594.25 target I’d featured here for a while missed the recent top by a crucial 1.25 points, stranding short offers at that price, if a bear market is indeed under way there will be other opportunities to get short — and to make some money trading both sides of the market.
