“If market conditions do not stabilize, we expect a statement of ‘whatever it takes’ from the Chinese government, given that social stability is at stake and financial systemic risks are evident.” Â This is good stock performance in the short term however this is not how the market show ideally operate.
The SPX open with a Gap up from yesterdays’ low however i am not sure if further selling will appear. In market profile theory we are having an inside day again.
We need to trade higher than yesterday to test the fears of the bears.
