Turn around tuesday

A most of you know I follow something called turn around tuesday especially if Monday was a trend day. Today was definitely a trend day down and based on that I am looking for some upside tomorrow. Today was a lousy day for the bulls but I dont believe the rally is over just yet. I am still thinking the bulls will try again before it is all said on done before years end.
Timing is always the secret in the markets but I think it is more logical for the market to sell off in January than in Dec based on empirical studies so I will stick to that thesis for now.

lets see how much the bulls want to stabilize us here near term as I think 900 on the S&P is still in play. NOW "IF" we dont remount that 897 level from last week before end of next week that will put us on watch for 676. YES 676 which is a new low. I do believe that number will be in play but not before the new year.

WOW

Wow folks this is ending up to be a UGLY day and will put a huge red candle on the daily charts. I was thinking about a bounce to get into some SKF but no dice, that sucker is off to the races.

OIL

Oil looks like it want much lower prices- will update later

WEAK

I guess the bulls aren't back yet today-- Stopped out -5 on that ES play but oh well. Volume seem very little hopefully most traders are back tomorrow and we get a turn around tuesday.

Market is so WEAK

News out maybe affecting the markets of the economic research agency confirming we are in a recession.

854

looking for 854 now to exit

ES Trade

Now positive looking to exit 855

Analysis

Well bonds are rallying and the US dollar is also rallying. The bonds rallying hard here means recessions fears are increasing. The rise in the dollar show that inflation fears are increasing.
I think we might be weighed down today but still expect a small bounce. I am now average 2 ES@848.50. Lets see if I can get positive.

Charts

Charts are screwy becaus of early close on friday - I totally forgot. still looking for 857 to exit ES long

Trying again

buying ES 852, will add if it trades to 846

845/847

should find some support at that area

hmm

took off +3. no real bounce

LONG ES FUTURES

LONG ES FUTURES 858 here and now

Early morning

It is 7:45 am but a quick update. The futures are gapping down and I think good shot we hit 857-860 level in the first hour. IF we do I will be buying there. I will update if I change my mind.