As expected the market has been going down in step 5 from the highs established a week ago.
The same is true of European markets and Tokyo market . If you look at the chart of SPY, in the step 5 , it should go below the low established on Aug. 24 as a minimum. It should go even lower. We expect cash SPX to go as low as below 1800.
Oil is going lower and that is why Energy stocks are going lower and Natural gas is also going lower.
Gold continues to go higher after some consolidation the last 5 days.
Look at the indexes in Europe. They are all down.
The same is true of European markets and Tokyo market . If you look at the chart of SPY, in the step 5 , it should go below the low established on Aug. 24 as a minimum. It should go even lower. We expect cash SPX to go as low as below 1800.
Oil is going lower and that is why Energy stocks are going lower and Natural gas is also going lower.
Gold continues to go higher after some consolidation the last 5 days.
Look at the indexes in Europe. They are all down.
Posts
0 comments :
Post a Comment