Wednesday, December 14, 2011
Today did not look good at all for any kind of bullish case. Today needed to be a dramatic reversal day, and instead it was just a big red candle. Divergence from yesterday is gone and everything looks like it is rolling over on my 60-min chart. Unless tomorrow brings some kind of bullish miracle, the tone for the end of the year is looking not-so-Santa-Rally-ish.