Strategy Central

[shortterm]

Was this cancelled today?

"Down signal confirmed .Finally"

I went short futures at the close hoping for a few point pullback tomorrow. This is either so easy market to trade (bull market is here for ever) or very difficult. It should not be able to make headway but it is and it probably will. To me it does look like we are up against a bit of resistance on many indices.

I guess, if it were easy, no one would work and everyone would just trade. At some point, we will get a big break down, but there is no way to tell when. My bet is that we will not see any big break downs until after the elections and the end of earnings season. The first is pretty easy to understand, for the earnings you have to remember that many e.g. semis already warned and their earnings expectations will be easy to meet or exceed.