Risk Off in US trading
First signs of some real action today. A mini sell off. Let’s see if we get follow through or if investors will buy this Alice in Wonderland scenario? Greece is on fire. Occupy movement shouting louder by the day. What could possibly go wrong?
OIL
AUD
Stoxx follow out of the formation.
SPX Channel….
Oil and copper, while already in downtrends, were probably helped by CFTC vote to limit specs.
Spx is holding above 50 day, which unless that breaks I think we are trendless for time being.
Agree, SPX in No trend territory short term….