Hello everyone, as we all know the market action discounts everything :)
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China Evergrande Group has missed a second bond coupon payment in as many weeks, renewing concerns over its ability to repay over $300 billion in liabilities.
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All Major crashes since 1902:
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Year % Crash P/E@ Beg. P/E@ End Days lasted ...
Making a quick call and possibly jumped in a little late but we exited the channel that I presented from my last idea and re-entered. Upon re-entry we have positive news of the CPI and a bull Flag. Also yesterday's low is acting as a great support thus far. As long as that support isn't broken then I'll stay going long to see if we can break the high today.
Momentum of SPX
The down momentum is less then the up move always in SPX.
From the current price of SPX the price will move little down till it's support, as there we can see a small resistance but strong.
After reaching its support the price can be bearish and move up.
In the chart price is moving slowly in up direction with little penetration towards down....
