Three charts that hint market rout isn’t over

Discussion in 'Trading' started by felixbocharov, Aug 27, 2015.

  1. Jones75

    Jones75

    My feed is live, see the 10:26 numbers against 9:58

    Screen Shot 2015-08-27 at 10.26.57 PM.png Screen Shot 2015-08-27 at 10.26.57 PM.png Screen Shot 2015-08-27 at 10.26.57 PM.png Screen Shot 2015-08-27 at 10.26.57 PM.png Screen Shot 2015-08-27 at 10.26.57 PM.png
     
    #11     Aug 27, 2015
  2. Jones75

    Jones75

    #12     Aug 27, 2015


  3. 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.




    :)
     
    #13     Aug 27, 2015
  4. 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.
     
    #14     Aug 28, 2015
  5. destriero

    destriero


    1931 trading as I type this.
     
    #15     Aug 31, 2015
    samuel11 likes this.
  6. 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.
     
    Last edited: Sep 1, 2015
    #16     Sep 1, 2015
  7. 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.
     
    #17     Sep 1, 2015
  8. damn..bottom dropping now...1900 may not hold here...es just dropped 10 points straight down
     
    #18     Sep 3, 2015