Dow to Head Lower

I think it is clear that the holiday season is officially over. The markets are back to the way we know it… RED.

Time to revisit all the things people were pushing till after the New Years, and it seems like people are still a little cranky. While I previously predicted the market heading down to 6600, it seems like it could still be pretty plausible target.

It seems like the Dow has gotten trapped in a bearish trading range, with the low yet to be produced. Other than that we really have no other information. Will the markets bounce off that or will they head lower…. who knows, but I have a feeling we will find out sooner rather than later.

Hit a bottom? Yeah, I don’t think so.

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