Market Outlook

FTSE monthly chart at blog shows very bearish rising wedge.

 

S&P500 index - head and shoulders target on weekly chart is 1172 and this level should provide some temporary support. SP500 futs last price 1169.

 

Clearly the S&P500 head and shoulders 1,172 target on the weekly
chart didn’t provide support as expected but it’s extremely oversold now.
stockmarket618.wordpress.com

 

yup, by 100 points on the es...

 

Equity counter trend bounce as expected.

USDCAD short 0.9875

 

SP500/DOW daily and weekly charts are bearish so the rally that
started late Tuesday is counter trend and thus temporary.

 

Charts don't work when the market is nuts.

Your prediction is as good as anyone else's prediction.

 

More USD selling detected today and we know what that means if it continues...

 

Equity selling strength returns, threatening counter trend rally.
Futs last 11029.

 

Counter trend rally is over.