The US equities markets sit on a knife edge still. The downside risk now is emmense. I feel it could traverse to the 10500 level in a very short space of time even within a day. The global debt uncertainty has created the environment for a total absence of buyers. Technically the market has tested the neckline a couple of times and been forced back. Certainly if the high of the past 2 weeks is taken out I would turn mildly bullish but I prefer the downside. Beware!!!
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