Tuesday, January 26, 2016

NDX100: Outside- Down Day does NOT augur well for the Counter- Rally....

NDX100 Daily Chart @ Close 01/25/2016
Post last Wednesday's 'constructive' Daily Chart & apparent 'exhaustion' of Selling Risk Assets; today's Reversal NOT in the 'script' as CRUDE Oil turns sharply negative (it too scoring a Huge Outside Down Daily Chart pattern).
Another Test of the recent Equity Lows likely as the frustration continues so early into a New Year and we ALL become Oil Traders one way or the other?