To Bounce or Not To Bounce; That is the Question

Dec 2, 2020

We could go either way today at open. Thinking that we will see a big push up after futures being so flat and down. People need to recoup their potential losses from the downward movement. I would expect any bounce to hit a ceiling that will retain the overall downward trend. Gold has shot down along with VIX so, again, my best guess is a heavy up. I am not sure the market is ready to accept a bear trend quite yet in the short term, but long term it seems inevitable until mid December.

Dec 2, 2020

Note

forgot to include the third direction, flat! HA upward thrust definitely has slowed...perhaps the government has pulled the plug to get permission to intervene again...