sp'60min
sp'daily5
Summary
Seeking a close under the Wednesday close of 1412.
If that is the case, it would form a giant bearish engulfing candle, and suggest next Monday opens...'considerably lower'.
Back after the close.
Friday, 2 November 2012
3pm update - Permabear seeking 1411
The indexes are showing their weakness again, as backed up by the big weekly and monthly cycle charts. Even AAPL is participating in the decline, now in the low 580s. VIX remains largely unimpressed so far, and won't likely explode until we are sub'1400.
sp'60min
sp'daily5
Summary
Seeking a close under the Wednesday close of 1412.
If that is the case, it would form a giant bearish engulfing candle, and suggest next Monday opens...'considerably lower'.
Back after the close.
sp'60min
sp'daily5
Summary
Seeking a close under the Wednesday close of 1412.
If that is the case, it would form a giant bearish engulfing candle, and suggest next Monday opens...'considerably lower'.
Back after the close.