Can't really be surprised about the last-half hour meltdown. This is a disaster for the market because the initial support level is now broken and October 10's low is the abosolute last level remaining. There are no more short-term support levels remaining. Technically, if you count the bodies and not the shadows, we broke down a long time ago. Doesn't look good for the market at this point.
S&P 500 1-day
S&P 500 3-day
S&P 500 10-day
3 comments:
http://quotes.ino.com/chart/?s=FOREX_USDJPY&v=dmax
Here comes the carry trade right on time, here comes the carry trade coming down the line.
Is it time to buy CHK?
still in a tri, wait for clear direction
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