Chart Of The Day: S&P 500

The Brexit vote has triggered an intermediate cycle decline. I'm expecting a bear flag and then final drop into the bottom, but traders also have to be ware of an intervention that could terminate the rest of the decline prematurely.

The Brexit vote has triggered an intermediate cycle decline. I'm expecting a bear flag and then final drop into the bottom, but traders also have to be ware of an intervention that could terminate the rest of the decline prematurely. We may have gotten the bottom yesterday. This is why i don't sell short. You are fighting an opponent with a printing press.

cotd

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