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.
The Markets are opening in negative territory this morning. Renewed fears over Greece, the Euro together with Asian fears drag risk assets lower. As volume is very thin, and we approach short term support levels, we might as well bounce on intraday levels, but don’t get too exited. Note Hang Seng is -4,7%. Below some early charts.
ES Futures. Negative trend intact on the 10 day chart.