DOW & SPX
Showing pretty much identical chart formation.
Basically, I feel we need to close higher and bulls need to show up otherwise setups and further falls in the pipe line imo.
Some analysts are talking of anticipation of a deal for Greece. Even if it does, there are head winds China being one of them.
Key factor here is, China sells to the US and West. If they are slowing down what does that tell one about the demand in their export markets. :idea:
10-20% falls should be factored in to equities and thus indeces imo. Otherwise kicking the can down the road yet again will magnify the pain a little later.
Finally, we've breached long term support trend lines. So we either move sideways or downwards. Can't see us making higher highs. If we do then I need get me some magic mushrooms also and join the party 😉
