Traders coming back from the US Thanksgiving holiday,
have been ambushed, and caught leaning the wrong way,
as stock futures tumbled 1.50 % in overnight trading.
The cause is a plunge in stock markets across the globe,
as news spread of a potentially new and dangerous new covid variant.
Major market tops are always made when the crowd is completely fooled.
The Dow, S+P 500, and Nasdaq are in unison this morning sharply to the downside.
Traders should use caution before buying "this dip",
as markets are suddenly now having to price in the new reality of covid "unknowns" once again.
Potential downside S+P 500 target remains at 4530, according to my work.
SPX Last 4701.46
THE_UNWIND
11/26/21
Woods of Connecticut
have been ambushed, and caught leaning the wrong way,
as stock futures tumbled 1.50 % in overnight trading.
The cause is a plunge in stock markets across the globe,
as news spread of a potentially new and dangerous new covid variant.
Major market tops are always made when the crowd is completely fooled.
The Dow, S+P 500, and Nasdaq are in unison this morning sharply to the downside.
Traders should use caution before buying "this dip",
as markets are suddenly now having to price in the new reality of covid "unknowns" once again.
Potential downside S+P 500 target remains at 4530, according to my work.
SPX Last 4701.46
THE_UNWIND
11/26/21
Woods of Connecticut