Gaps have "significance".
Technically they show that buyers,
in this mornings case have lost price support,
where they previously had made a stand, SPX 4180.
This violation comes on the continued" stall" in US debt negotiations.
The market is beginning to become impatient.
Notable financial risk here is that someplace out there
a financial crack could suddenly appear,and manifest itself out of nowhere.
To say that could start a fire is an understatement.
It also should be noted that the stock market could then "surge" on a striking technical "bullish island reversal",
should Congress come to an agreement, before the long upcoming US holiday weekend.
Caution is Advised.
SPX10 AM OPEN : 4182.00
THE_UNWIND
WOODS OF CONNECTICUT
Technically they show that buyers,
in this mornings case have lost price support,
where they previously had made a stand, SPX 4180.
This violation comes on the continued" stall" in US debt negotiations.
The market is beginning to become impatient.
Notable financial risk here is that someplace out there
a financial crack could suddenly appear,and manifest itself out of nowhere.
To say that could start a fire is an understatement.
It also should be noted that the stock market could then "surge" on a striking technical "bullish island reversal",
should Congress come to an agreement, before the long upcoming US holiday weekend.
Caution is Advised.
SPX10 AM OPEN : 4182.00
THE_UNWIND
WOODS OF CONNECTICUT