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VRA Alert: Market Reversal Likely – Ugly Technicals, Pullback Coming

Good Friday morning all. The FED's news came in with a bang and went out with a whimper...now it's time for a correction from the near 1300 point move higher in the Dow since 8/24. Important Point: I am not looking for a retest mo ...

Posted On September 18, 20152 MIN Read
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Good Friday morning all. The FED's news came in with a bang and went out with a whimper...now it's time for a correction from the near 1300 point move higher in the Dow since 8/24.
Important Point: I am not looking for a retest move to those 8/24 lows. However, I would not be surprised to see the market give up half of that amount.

In addition to continuing uncertainty about the FED, and their moves going forward, the market looks to be facing several new risks, directly ahead.

1) we are STILL in the risk-filled September/October time frame...fireworks are common, each year.

2) With Congress about to come back into session, the likelihood of something stupid coming out of DC is high, with talk of a government shutdown very real...again.

3) If you've been following the news out of Syria and the Middle East, then you know that the US has boots on the ground in Syria. And, Russia has taken over a Syrian airport and sources indicate that they have moved attack helicopters and forces,...

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