sp'daily5
Summary
Suffice to say...a pretty wild week of swings... we look headed lower
--
The daily 10MA of 1960 is now key resistance, and considering the current declines, it sure doesn't look like we'll back over that level until late next week.
Thursday, 9 October 2014
1pm update - the bears have done enough
Equity bears have pushed more than enough lower to give confidence that the 1926/25 low will be broken.. probably tomorrow. VIX is confirming the move, +16% in the mid 17s. Oil remains under relentless deflationary pressure, -2.1%
sp'daily5
Summary
Suffice to say...a pretty wild week of swings... we look headed lower
--
The daily 10MA of 1960 is now key resistance, and considering the current declines, it sure doesn't look like we'll back over that level until late next week.
sp'daily5
Summary
Suffice to say...a pretty wild week of swings... we look headed lower
--
The daily 10MA of 1960 is now key resistance, and considering the current declines, it sure doesn't look like we'll back over that level until late next week.