The oscillators are showing negative divergences and also the S&P500 has broken its support (ca.990).
The current setup looks quite bearish, but the price is still above daily support (ca.34600) and we cannot generate daily sell signal.
Nevertheless, we should be careful tomorrow - if we have any long positions make sure the defence orders are in place. We are not able to say how deep this correction will be, but until our shares are in uptrend we shouldn't drop them.
The China market has fallen quite rapidly lately (here).
Sources:
[http://seekingalpha.com/article/156308-global-markets-in-review-has-pullback-begun-with-china]
Posts
No comments:
Post a Comment