Equities – had to be patient

15 Days ago i posted that long term resistance coming for the equity market.

We did indeed fail at this resistance level leading to the last 48 hours carnage in world wide equities (Nikkei alone down -8%) but spent about 8 trading sessions riding along resistance area. Sometimes you have to be patient for these things.

USD may be a bit oversold here so if current correlations hold we may see a mitigation in equities selling.

Current version. Emini S&P Futures







The best charting teacher I know:
The Morning Analysis Service by Paul Coghlan

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