Monday Morning Charts
January 27th, 2016 Watch List
Wednesday Morning Reads… and more
Buy Signal?
$SPY reclaimed $190 into the closing bell today. After the bell S&P500 futures are falling, much like they were falling last night. $SPY was in the low $186's early this morning. The first few weeks of 2016 have brought chaotic price action to the market. The VIX has been soaring, crude oil tumbling, financials plunging. But today had a different feel to it.
Prices hung tough. The sell the rip crowd of weeks past have exited the picture... at least for now. 2016 could be another 2008. Prices could collapse another 20%+ from here. But even the nastiest of bear markets have some wonderful counter trend rallies.
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