Technically oversold short-term Global Markets trader higher today. SPX is at the lower range of last week. I do not see a clear reason to add long positions at current levels. $SPX +1.75% today U.S. economic growth slowed in the first quarter but not as sharply as previously estimated, and while there are signs
Today we had double distribution on the market profile, however there are no significant signals that we have reach a temporary bottom. Â $Gold still trading above 1300 and the $SPX closed lower than Friday’s low. Â As of this note the ES futures are trading at 1982.5 Â — The emerging markets or small caps wont run
Reuters Data Fitch Ratings cut Britain’s credit rating on Monday and warned more downgrades could follow, joining Standard & Poor’s in judging that last week’s vote to leave the European Union will hurt the economy. Fitch downgraded the United Kingdom’s sovereign rating to “AA” from “AA+” and said the outlook was negative – meaning that
Euphoria To Gloom Markets have gone from euphoria to gloom in three days. Nothing fundamental has changed, it is just a swing in the sentiment. All those pure technical investors and the momo crowd that was buying last week are now panicking and selling at lower prices than they bought last week. German Bund Money is
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