SP500 closed down with a spike to a new low of 644.39. A bearish sign. Next target is 634. DOW closed down to a new low at 15.002.8 with 50 day MA now down. The 10 year notes closed at exactly a daily double bottom, and the trend is down. FTSE closed down to a new low and DAX and SWED are close to sell signals. SWED will likely open with a gap on downside unless the US indexes move on upside in Asia. GOLD and SILVER trends are up.
As long as the 10 year notes hold, there is a double bottom which can move on upside and take the SP500 and the DOW with it. It is still an unclear situation but at the edge for the main indexes.
As long as the 10 year notes hold, there is a double bottom which can move on upside and take the SP500 and the DOW with it. It is still an unclear situation but at the edge for the main indexes.
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