SP500 - It's getting critical, Bulls should start worry
Following Ukraine story line, European indexes seem to break important supports today.
US mkts will open soon. Let's see how SP500 will hold this critical zone. For the last few days I've been calling attention to close long positions. Now I call attention to start watching for shorts in this descending triangle area. I don't think US mkts can ignore the risk that has started to worry investors globally. Hopes may still be there today, that Ms. Yellen's speach will force at least HFT algos to lift mkt again.
US mkts will open soon. Let's see how SP500 will hold this critical zone. For the last few days I've been calling attention to close long positions. Now I call attention to start watching for shorts in this descending triangle area. I don't think US mkts can ignore the risk that has started to worry investors globally. Hopes may still be there today, that Ms. Yellen's speach will force at least HFT algos to lift mkt again.