U.S. MARKETS, have their MONTHLY OPTIONS EXPIRY today! Plenty of shorts would be out of system when markets rings closing bell! It has been very destructive series their!what we want to see in next series is, will prices colaps immediately or they pull;back further before turning lower!
No point talking about levels, because PATTERN POINTS are way higher then current levels! Only thing to focus is, whether PRICES sustain below the low of 19th,OCTOBER, so far they are not! So until they sustains below 19th,OCT low, this pullback can stretch further!
There is no bullish case, only point is where we turn BEARISH! Let market say that! 3260 is still pending on $S&P;500; It has to go there, better to wait until few things fall in place!
25,OCTOBER next critical date!
