- Not looking good, although still needs weekly close on Friday below 10460 to confirm sell signal. Now @ 10282.
- Trendline breaking on monthly and weekly chart (same TL). Monthly has look of a nice rising wedge = very bearish. Me thinks for shorts, at worst this will come back to form a right shoulder (towards 11000). If lucky, we go down straight from here. Either way, DOWN.
- No action here given already limit up on Risk Off. Posted here for a more complete coverage only.
- In light of this and China, S&P TL break,etc, it does feel that the short Equities trade might finally start to pay off. Even so, I am still wary of over-committing here.
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