Who the hell is this Todd Gordon guy, and where did he get that chart?
Instant Insights with the Fast Money traders
Trader Todd Gordon thinks the recent pullback is just the beginning of a larger sell-off.
“The markets really woke up when oil printed $100,” he says.
In other words, the 'unstoppable' momentum higher, in fact stopped.
“And from a technical perspective, he thinks we go a lot lower. "We’ve seen 5-waves to the downside in the S&P," which is illustrated by the chart above. "Corrections are never in just 5-waves,” he explains. “Technically that suggests the market goes lower.”
