Well, looks like the market broke …LOL.
For support, our first target has appeared nicely.
Watch this level on the XLP/NYA … probably tomorrow or Monday the way things have been going.
Also, don’t forget about the 1×1 trendline from the all time low on the NYA … if bullish, this should offer some support …
More targets, albeit lower, are appearing …
I sense/believe (therefore probably wrong) that this rally will be a chance to fade and short again.
While I’m aware, obviously, of the tariffs I’m not paying attention to any of it. The patterns warned us all the way back in December.
Folks, we have two nice projections into what SHOULD be support … hate to say it, IF these patterns fail, then this could REALLY accelerate to the downside. Stay vigilant …
