Charts I’m Watching: Sep 22, 2014

As we surmised Friday, SPX reversed at the IH&S neckline and moved lower.  As was widely reported, hundreds of stocks flash-crashed into the close.  This cast a negative pall into the weekend which continues this morning thanks to the negative QE news out of EZ and China.  Futures are attempting a comeback, but we should see continued weakness after the early morning ramp.  Lots of wildcards, though, as we have existing home sales from the NAR at 10am and lots of Fed-speak on deck.

2014-09-22-SPX 15 0600

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