Tuesday, June 30, 2015

Once the Neutrals' lost their patience.......THE Correction?

S&P500 Daily Chart @ Close 06/29/2015
Sentiment #'s that were themselves breaking records with the Neutral Camp 'membership' finally succumbed to impatience with a timely shift to the Bulls last week.
Support @ 2034 beckons in defining the extent of the potential damage as YTD #'s move back into Negative Territory with multiple 'crises' closing in on Risk Assets.
Below 2034 & 2014 (38.2% retrace of gains since 1820) beckons before 1940 (61.8%) which keeps the whole 'shebang' alive Medium- Term.