Thursday, September 10, 2015

S&P500 Correction Part I likely past; now the hard part........

S&P500 Daily Chart @ Close 09/09/2015 
The Correction; thus far to 1867 & shy the 1830 Support (favored targeted zone).....would appear to be in 'respite' mode...for now.
Previous precedents teach us that the next few weeks (days?) likely to be the 'eye of the storm' before the true intents of this much heralded Technical Correction play out.
Chinese developments have been our  (THEWEEKLY) Focus #1 since 2015 started; matters there instrumental in 'what happens next' globally & for Risk Assets.
(THEWEEKLY subs remain 'seated' with their JPY & for now...relaxed)