S&P 500 IndexShort
Broke Channel from March 23rd - MACD turnover
Yay! MACD has turned over on all charts but the daily, though it is in the process of turning over there later tonight. We've been in an ascending channel since March 23rd and we broke through it today finally. Money is flowing out of equities and into bonds which may be the gust of wind needed for this fundamentals domino set-up.
2880 was and is an important line to break through. We've blown past it in the futures, and I am hoping it continues. It may stop and turn around at some point tonight to test it. Potential for a big gap down day tomorrow with continued follow through. This should be fast and aggressive to the downside.
Article bonds vs. equities: finance.yahoo.com/news/fed-set-turbocharge-credit-billions-133826839.html?.tsrc=rss
2880 was and is an important line to break through. We've blown past it in the futures, and I am hoping it continues. It may stop and turn around at some point tonight to test it. Potential for a big gap down day tomorrow with continued follow through. This should be fast and aggressive to the downside.
Article bonds vs. equities: finance.yahoo.com/news/fed-set-turbocharge-credit-billions-133826839.html?.tsrc=rss
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