The refusal of this market is tiring me out and I’m not even short this market, I can only imagine how it must feel for those who are short or have been shorting this market for the last week or two. Max pain is going to occur soon and that could very well fuel the rally that is suggested in the video below.
Nice looking chart in this video where Christian presents a scenario where we rally for a another 100 points or so on the Nasdaq than the big plunge. I’m not saying that this is going to play out, but I appreciate the logic behind it.
