The DAX showed a major gap into its support level.
The S&P made its first attempt breaking his major level at 1860. Expect to see some more opposition before it breaks. This level is an important one so unless a catalyst accelerates the sell-off, we could stay here for a few days.
The Hang Seng is breaking lose after the consolidation.
The Nikkei is tanking heavily.
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Even though we have seen markets selling off for some time now, this could only be the start as there is a lot of room for corrections across all markets. Especially when the S&P breaks its level and with more negative developments from China, this could get ugly soon.
The S&P made its first attempt breaking his major level at 1860. Expect to see some more opposition before it breaks. This level is an important one so unless a catalyst accelerates the sell-off, we could stay here for a few days.
The Hang Seng is breaking lose after the consolidation.
The Nikkei is tanking heavily.
-------
Even though we have seen markets selling off for some time now, this could only be the start as there is a lot of room for corrections across all markets. Especially when the S&P breaks its level and with more negative developments from China, this could get ugly soon.
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> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: www.tradeciety.com/webinar/
> Free blog: www.tradeciety.com/blog
