Don’t Jump the Gun!
I heard a lot of conversation and read a lot of articles this weekend talking about the end of the bullish run. (One good day for gold bears and everyone’s an expert again!)
I’m probably more bearish than most so I spent a couple of hours going over the charts. Bottom line – Yes, we are beginning to see the early signs of the market turning but we are a long way from being bearish. The Dow, SPX, and NDX are still looking strong on the daily and weekly charts. Heck, even the RUT is strengthening. 
My point is… Don’t jump the gun. Wait for the setup and look for some confirmation.
Mojo
PS – We are down -58 in the futures. I would look to fade this move early in the morning unless it exceed -80 pts.
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