To get more info on this you should look over at this Slope of Hope Article.
Look at this pattern below and then superimpose it on the dow/ SP500 from Jan 19.
We have already hit D. If the pattern is true then we should be heading down tomorrow. This also fits in with my belief that traders are very complacent at the moment. CNBC spent the day saying that “If tom morrows unemployment numbers are bad, then it is priced in. If the number is good then the market should rally”. I think a rally is already priced in and selling will take place on the news- good or bad.
