This could hurt

Well, today didn’t go the way I thought…or wanted. The bulls really dropped the ball as they had some good news and good technical setups but didn’t have any energy to gore the market. On the other hand, the bears had an opportunity to rip out the bull’s heart, but they failed also! Look, we ended with another candle just like Friday…although this was also a bearish engulfing candle, small, but engulfing.

If the bulls don’t show some determination on Tuesday, I’d say the market is done for. I’m hoping that this week traders will get some patriotism running through their veins and get the market waving the old red, white and blue. Let’s run that up the pole and see if it flies!