The SP500 and NQ100 could not hold the critical technical areas today. As mentioned last Friday's post, this was a battle week where the bulls could step forth and put the debt and fret stories to rest with a solid performance while risk was being adjusted. Some powerful rallies were launched only to be met today with big liquidation and now, short selling. The bulls have staked out a space on a ledge where it is hard maneuver. There remains a small foothold to climb back on, but a fearful downside move on Monday would leave this market in the bear's shadow.
Models are south.
