100-day Moving Average?

Thanks to multiple interventions related to quarter-end window dressing, the S&P 500 has been prevented over and again from reaching the SMA100.  Today is lining up to finally be the day, but keep an eye on USDJPY and NKD — as another stick save is always a good possibility.  Just above the SMA100 is the .500 Fib at 1962 and below it is the .618 at 1948.  Either would make a good target, depending on when it happens.

The “market” continues to be highly managed.  So, it’s not so much a matter of what panicky investors might do, but what TPTB have in mind.

2014-10-01-SPX 60-0530


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