Ready, Set…

In the latest 30-pt ramp job, ES ran out of juice at a backtest of its 10-day moving average – not exactly a bullish move. This would leave SPX with a backtest of its own, suggestive of the additional downside Friday’s session left on the table.

It also suggests a nice little Head & Shoulders pattern that could finally get a correction rolling. Should we be concerned about the breakdown in the dollar and breakout in gold?  Or is the yen’s breakdown the more serious threat to stocks?

continued for members


Sorry, this content is for members only.

Click here to get access.


Already a member? Login below

Remember me (for 2 weeks)

Forgot Password