Is it just us or is anyone else out there having trouble navigating these treacherous markets? The events that you believe will move markets just aren’t gaining traction and it now feels we’re in full blown preservation of capital mode. But what do we know?
The S&P5oo held its 50-day moving average, which is a positive, but we think it will be tested again as soon as tomorrow. The 50-day at 1205 and 1191 are short-term support levels.
This market is tired and has beat the living daylights out of traders. Good luck!