LastBattle
Short

Major sell off incoming

FX:SPX500   S&P 500 index of US listed shares
S&P500             have been building a market top since the start of October 2014 in a rising wedge fashion.
Since last Thursday (4/6/2015), it looks like it is finally ready to roll off having closed below the support line for the first time.
It made a new high at 2137 in a relatively low volume but failed to push past further.


This time I simply do not expect it to bounce back strongly like October 2014 with the looming rate hike by the FED. Corrections of 10~20% is justifiable for a healthy growth in order to shake off some weak hands.
With Greece issue looming, bears surely have more reasons to sell.

Nasdaq daily:
snapshot

---------------------

China equity bubble is almost catching up Japan, US, and Europe.. next few months will be pretty interesting.
snapshot
i known corrections coming but fed controle the market only the fed control wait and see the game of centrale bankers , everytime they try to keep the market high green every week on the stock little down to 0.30 and than bring back same old story controled normale a good market go up and down not in way up big question to ask , normal when fed rate hike you have corrections 3 to 6 month before maybe corrections in september or december or postpone to next year ,,
+1 Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out