Yes .... I know it's live. The US market leads that's why the Overseas market is up, results from Thursday's US markets is spilling over. At this time S&P500, Nasdaq, and the DJIA Futures are slightly down.
Really can't say anything concrete about new rout or rout is not over...but Sept and Oct still have not arrived as some have already stated above. That, to me, is more important than many other fundamentals and tech. By the way, the timing on this down turn "in late Aug" on traditionally "low volume days", using China as an excuse... says a lot as well. Market is just too orchestrated for my liking and I think I will start looking much harder at a bearish strategy from here.
yea...looking ugly. Doesn't want to get anywhere near 2000. 1950 seemed to offer no support. Big gaps down in support from 1950 (by the way 200 day was just right at 1950 went it blew through it-30min chart). Pretending 1931 is support but London session will fade that quickly I think.
yea, they are trying to force an exhaustive sell off at 1900 as a pretense to a bottom there but I don't buy it. 1900 just another weak support level. It may bounce a little from 1900 but I won't stay long from 1900 for very long.