Well the PPT [Plunge Protection Team} did their best, BUT! it still looks like a CRASH to me.
We hit 1867 in the S&P yesterday and I think we'll see it again within a few days. Lots of damage has been done to confidence. In the big picture, a 12-15% correction isn't that rare. Right now I don't think this will even be as bad as 2011, which was around a 20% drop. I think a final low point will hit in sept and the 4th qtr will be very green for U.S. markets.
Well the PPT [Plunge Protection Team} did their best, BUT! it still looks like a CRASH to me.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
S&P500 (C Fund) (delayed) (Stockcharts.com Real-time) |
DWCPF (S Fund) (delayed) (Stockcharts.com Real-time) |
EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
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