The 1% bullish sentiment reading marked the short term low. The spx has rallied 50+ points but is now approaching heavy resistance. We could see the markets go either way and it would make sense-why we scaled our 2942 short position down to 1/3-covering 2/3's at 2810. I am expecting at some point for the gaps above to get filled. But the question is, what will be the road map to get there?
Maybe we have another washout to the downside-maybe we head straight up? But if/when we see that move happening, it will be entering the "Kill Zone" which may turn out to be a "Black Hole" I go over the past "Black Holes" Woody Dorsey has called and what has taken place during those moves in our update free video report below. . I don't see any reason why this one will be different. That is why we are offering the 100 spx point guarantee!
Maybe we have another washout to the downside-maybe we head straight up? But if/when we see that move happening, it will be entering the "Kill Zone" which may turn out to be a "Black Hole" I go over the past "Black Holes" Woody Dorsey has called and what has taken place during those moves in our update free video report below. . I don't see any reason why this one will be different. That is why we are offering the 100 spx point guarantee!
