Wednesday 30 September 2015

3pm update - a second bearish month

Despite net daily gains, the equity bears are going to achieve the second consecutive significant net monthly decline - sp'500 -3% or so, something not seen since Sept' 2011. The broader upward trend remains broken, and lower levels still look due.


sp'monthly



sp'60min



Summary

*Clearly, any sustained price action >1920 would be a major problem.

.. I'm tired.. and unless things spiral back <sp'1900... I'll merely return at the close.. to wrap up the day.