Wow.. SP500 - minus 3.11%. Leading laggards: financials (-4.24%) & energy (-4.03%). Moreover, volume was 20% exceeding average of the 4 sessions before todays. Euro also lost its ground. Thats how it starting again. Gold lost more then 50 bucks! From 1111$, globex ssn high, to с/p at 1064$. Crude oil slumped from 77$ to 72-73$. Bloomberg said the sharpest decline since july. Yeah! Even more, crude 20ema h4 is at the brink to solidly cross below 50ema h4.
As of me, i jumped into the short trade well after nice normal diver sell signal have appeared already. Still, late enry calling for new market lows in term of extra bearishness and the fact of continuing down side trend day wasn't a mistake. Energies and materials were trying hard not to make lower low, but stocks bulls lost their ground and no buying was corresponded to just slow or fast sliding. Fixed at 2nd strng support VPOC level (click chart), cause 1st sup.level mkt coudnt break out for some time, meanwhile closing bell was coming.
0 comments:
Post a Comment