Friday, October 2, 2015

Ghost of Markets past that 'celebrated' Halloween early.......?

S&P500 Daily Chart @ Close 10/01/2015
Not until a Weekly Close above 2030/45 (61.8%: 2032/ 2045 Previous Low) will ANY notions of 'this too shall pass' be worth 'entertaining'.
NOTABLY: There remains a Daily Open GAP @ 2035.73 which may well be THE Short Trade Opportunity should it be coincident with a 'sign'?
The RISKS however remain firmly skewed for further weakness (1830/ 1675) with the US 10yr Note edging ever closer to it's 1.97% 'ledge'.
October may yet be THE 'event' month for 2015.