Two Lines In The Sand
Equities have held up overnight but briefly kissed the 1750 mark which I deem to be a line in the sand for the bulls right now. If we drop below it chances are we’ll see continuation lower – perhaps even leading to a medium term correction:
But let’s not be hasty here – at this very moment (at least while I’m typing this) we’ve got a great long opportunity here with a stop below 1750. If we drop below it then probabilities shift in favor of the bears. The very limited participation range on the equities side (as seen on the Zero indicator) however suggests that things could swing either way at a moment’s notice.
Another line in the sand you ought to be watching has developed over in crude. Some very interesting developments with even long term implications – please step into my lair:
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