Full Moon At Midnight Warning

 

Overnight futures have the Dow down 250 points. If Friday's regular session opens that weak, expect mega volatility going into the weekend. In that event, don't wake up Monday morning without any IWM/SPY/QQQ puts or VXX calls. 

 

The IWM 180 minute chart has been virtually flawless since the August 31st top. Thursday's counter-trend rally touched the 25% Fibonacci retracement level of this last leg down and if that minor level can stop this counter-trend rally we saw on Thursday, things are more bearish than I thought. 

We will cover this in more detail for subscribers in Saturday's Weekend Update. 

 

 


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