Profile image
By Global Economic Intersection
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Slow Motion Torture

Tuesday, October 25, 2016 0:54
% of readers think this story is Fact. Add your two cents.

Written by Jim Welsh

Macro Tides Technical Review 24 October 2016

Last week I thought a bounce in the S&P was possible as the market was slightly oversold, continued to hold above the September low of 2119, and the call/put ratio had dropped below 1.0. From the close last Monday at 2126, the S&P rallied to almost 2155 this morning. As discussed for a number of weeks, the more likely path in coming weeks is for the S&P to close below 2119 and be followed by a quick drop to 2050 – 2070. That said there is another pattern that must be monitored.


Read more …


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global

Top Alternative



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.