claydoctor
Short

SPX500 next 60 days update

FX:SPX500   S&P 500 index of US listed shares
64 1 0
2070 and 2040 are huge support now. AS TSI turns over, finishing its gap, loosing strength, can't see how we go higher from here. Noting the huge strong report after hours from amazon, google             , yet premarket is not up very much. Indicates low relative strength and lack of conviction from bulls. China weighing heavy here, street belief is what govt             did will not be enough to keep that market from falling to fair value, whereever that winds up. "No safe place in china now". US now confused, thinking FED must act with low unemployment numbers, and they are far behind the curve, maybe too far now, waited too long. Huge surprise would be they raise rates in July meeting? Don't say no way, supposed to be a none event, but minutes from previous meeting due out 2nd week in august may state clearly rate hike imminent.
Follow the moon beams.......This mkt is shaky. I look for news on China but there is not much. How will a thirty percent plunge in a months time not have repercussions with the second biggest economy in the world? Don't believe that Chinese situation is resolved - Is there something they don't want us to know?
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