With today's multiple closes on the lows or near lows of the day, odds strongly favor further decay tomorrow and perhaps beyond. Although odd and scary reversals can happen right at expiration it's hard to fathom what possible catalyst could lead to such an event. That being said, the highly anticipated mega volume washout may be close at hand, or we may just be basing at these levels before a drop into the real abyss.I see Adam made an offhand reference to Nouriel Roubini, whom I referenced in Monday's post . . .I'm sorry Adam didn't explain his comment a little clearer. If you haven't watched the video yet, it's definitely worth a look and listen.
Despite the somewhat muted volume today, these are not bullish charts.
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