This is based on my dowsing and intuitive methods and I think is confirmed by the bearish reading I have on the QQQ. I anticipate a hefty drop of 3-5% on earnings and, more specifically, I'm getting a move down of 4.3-4.4%.
I don't think this impacts the indexes for long, but may suck in more shorts which we may watch to be squeezed on Thursday or Friday.
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