claydoctor
Short

SPX500 what was shall be again UPDATE

FX:SPX500   S&P 500 index of US listed shares
57 0 2
Really nice pivot on B, playing VXX             off that, and hope we get to C where labeled, would be nice run. However, the CD leg is really in doubt. I think "they" simply wont let this fall below the 200 day ma, based on what just happened at Apple             , below its 200 day ma, they left it like rats off a ship, powering past it, to a support just now, so C might have to be adjusted. So headwinds were the dollar strength on earnings, and forward guidance, now China's market collapse, to say its not connected to their economy like I've heard is rediculous, tell that to the empty pockets of the Chinese middle class wantobees that just lost their shirts, and all their discretionary income, which is money they wont have now to upgrade their iphones or buy cars. I heard the government is doing whatever they need to to let the others get out now, before it falls like a crash. Maybe, maybe not, we will see. The fall out will be felt, so Greece, China (ongoing), puerto rico             , russia (rubble), what is next, I don;'t know but there will be something. No market can be expected to hold up under all this. And, anyways, its time.
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