Sunday, June 19th, 2016

What to expect in this market?

Setting another low once again after a brief run up which actually formed a bear flag is typical outcome. This happened before on August 24 2015 and a double dip hammered longs into submission. The same pattern is repeating here with more viciousness. The VIX is up to 25 area and still below 30. All the charts are destroyed which will take months to repair. The destruction is widespread in tech, cloud and Biotech stocks. Most popular stocks have charts that are obliterated like $NFLX, AAPL, $CMG, $NKE and on and on. There is nothing left standing.


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