Make or Break-Chartology
With Markets falling hard in today’s session, let’s review some important Index Charts. We wrote of the big sell formation last week. We are now trading on those support levels. Will the market fool everybody again, bounce up, and confuse both bulls and bears?
As HFT are dominating all trading, we might just get that flash crash again. Market is sitting on critical levels, especially the SPX. Below charts with important levels to watch. Make or Break, yet again.
SPX sitting on the Edge….
All charts continue.
NDX on some critical support levels.
Stoxx 50. Off the lows and trapped in a short term trading range.
DAX. Also off the lows, finding a trading range.
Spain Ibex Index also off the lows.
Italy is in deep crap, but the Index is actually showing some signs of life. Let’s see if the support levels hold.
The biggest Dog of all, Hang Seng, has put in a formidable sell off lately, not receiving the attention we expected. Remember, this is the growth market….