Lock limit down Es futures stopped trading at 5% down. Rules below. We are in uncharted land so anything can happen. they are trading again now. it looks like halt for 30 minutes.
Prescient weekly on june 4. Weekly june 4 rounding pattern chart. (spx at 2099)
Its shows the weekly market rounding pattern and normal behavior 1-it said one more high since markets just love to finish patterns with a new high. (closed above spx 2111 , at spx 2120) 2-It then shows a return to spx 2024 (at spx 2037 now) the weekly 50 da this has not happened yet. This will be the 2nd retest. Then it shows a bounce and finally a failure.
The chart is not prescient (i just like to use the word).
It is normal market behavior. There was one great fake out during this move. The oil monthly went above the BBCL. It changed big time.
Problem was the oil monthly was not yet done. Now the spx monthly was in bull market turf. Above the monthly BBCL looking fine.
Now its in bear market territory.
Bear markets always begin with some crazy event. Boy was the Breexit insane. Unless the market bounces off spx 2023 and uses that as support and rallies hard everything changed last week.
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