After forming complex top. The selling start from early September and primary breath confirm bearish in middle September. As QE3 ended and we saw back to back 300+ selling, it has very high probability to be a serious correction.
For short term, as continuous selling happened, breath is moving fast to or close to extreme bearish on both primary and secondary indicator. We should not be surprised to see a bounce today, breath from negative 200 turn to almost plus 300, this bounce can last for 3-5 days or longer. But again, unlikely correction is over.
[Anticipation List]
JAKK MFRM MIK AVNR
B/o from yesterday Anticipation List
FXCM TREE
[Good Setups in last 5 days]
(1) CFLD
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