As i said yesterday, based on the Nasdaq fishhook, we were probably headed into some sort of a selling climax. Seems like they sucked in a lot of bulls yesterday. As i mentioned yesterday, ES 1490-92 was my VST target. We should hit that target tommorow morning. Now how deep the climax is going to be is the multi-million dollar question. If 1490-92 gets taken out, then a deeper selloff somewhere into the ES 1470 area is the next expectation.
Trade safe.
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