S&P500 has just dipped below 200EMA in after hours trading. We may have already had the high for 2015.
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US markets been weak(ish) since Ali Baba IPO .... that was probably when this bull cycle ended
NZ in similar mode .... possibly look back later in the year and say yes things did start looking bad in February and its been all downhill since then.
these things take time to unfold
Carnage ... and is not even October
Holy cow, is the world ending soon??? Or is it the big instos dropping a hint to Fed "no rate rise".
Over the last few weeks I've placed some non-expiring short positions on the S&P500. This is purely as a hedge against my NZX/ASX portfolio. I've become more aggressive as the technicals have deteriorated.
2099, 2096, 2063, 2030.
I can't predict what will happen on Monday, but a relief rally up to 2040 would be normal behavior.
A interesting read here. Basically saying that certain sectors drop first, then the whole market fails a few months later. I wonder if that applies to the NZX/ASX? The Tech, Banking, resources, and mining services have lead the ASX.
http://seekingalpha.com/article/3452...t-has-2-phases
http://www.businessinsider.com.au/so...-market-2015-8
High probability of a bear ....indicator highest since the Great Recession.