Sunday, 23 August 2015

7pm update - increasingly weak

US equity futures are increasingly weak, sp -14pts. we're set open at 1956, with an intra low of -17pts @ 1953. With Asia markets set to open across the next few hours... things could continue to spiral lower.



The opening hour of futures action offers absolutely nothing for those holding long across the weekend to be pleased about.

China will surely open <3500... and then first target is the key low of 3373.

My next target zone of 3200/3000 is clearly viable within days.

7.14pm.. sp -19pts.... 1951..... borderline significant... and the 200dma is now 126pts higher!