Major bearish TA signal on S&P500 today

Quote from PointOne:

There's a lot more money around now.
More...

We're just taking a breather for another run at 1600 (or higher) in the ES. We will get there eventually. Monday/Tuesday should be a rockin' day.
 
I'm not saying buy now by any means. There may well be more downside action. Or a quick bounce up then slammed lower than today then off to the races like after the last big drop in March. Who knows (who cares). With more money around and inflation we will eventually break 1600
 
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