Trouble for bulls may begin with NQ_F falling below 29000, Yuriy Matso warns

Trouble for bulls may begin with NQ_F falling below 29000, Yuriy Matso warns
NQ_F may face bull trouble near 29000

Yuriy Matso indicated that if the current market movement in NQ_F is a genuine bull trap, challenges for bulls would start if the price falls below 29000.

Matso recently noted that the diesel crack spread climbed to $113 a barrel, citing implications for transportation and agriculture costs in a previous report. He also reported a record 18.9 percent of S&P500 members showing a one-year negative beta to SPY, reflecting notable market shifts in recent coverage. These observations come as he tracks key levels in NQ_F.

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