Tuesday, May 8, 2018

US Equity Market CORRECTION 'rolls on' with Risk Asset 'Implications'?

S&P500 Daily Chart @ Close May 7 2018 
1st Quarter Highs were 'in' as expected with the well overdue Correction continuing apace into Q2; Monday's 4- Hourly Reversals (not shown) in the Benchmark | OEX100 | NDX100 | WTI could well be 'conspiring' to tell us that 'something' sinister Short- Term may well be in the offing.... THAT something being the EM Space suffering the inevitable indigestion of FOMC/ FED Interest Rate Policy that certainly has historic precedence....No?