How will things go Wed?

I dont think its going to go well at all. I think we are going to find a new bottom in the upcoming two days. People came in, made a bit of a profit, then noticed that things did not REALLY go up, and holy shit, what does that mean, does the market have a paper foundation, and things are going to start to drop and I think China is going to have another problem overnight which is going to highlight the sick global economy. Lets look at the chart. I by the way find SPY to be a little more telling than QQQ as it moves more front in good times and hangs more back in bad times like the older sibling who will tell you the REAL story without sugarcoating things like the QQQ chart does. First the QQQ chart:

You can see todays candle is just floating out there in a gap down situation with no bottom tail and only a bit of a top tail. This shows more downside on the way.

Now lets take a look at todays SPY chart:

Wow. SPY pulling no punches. Look at that recent candle. a long red horror candle with no real top or bottom. Just saying, look out, more to come.

So what I feel will happen tomorrow is the opening will not be too bad but then a bad day will bloom from there.

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