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Is Santa Bringing Coal for the Bulls or the Bears?

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The market remains poised at an inflection point, and what happens next could have far-reaching implications for the market.

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Below is the 30-minute view of the same count. Note MACD is in the process of a bullish crossover.


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As noted, this remains an inflection point for the larger picture, which means the structure hasn't closed itself to the bearish potential. Below is the bearish interpretation of the fractal. The bulls will become more vulnerable if the market sustains trade beneath 1411.


Click to enlarge
No positions in stocks mentioned.
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