Wednesday, February 5, 2014

S&P 500 (SPY @ 175.38) continues to look extremely bearish

Feb 5, 2014 SPY @ 175.38 before the market open:  the market's high-volume 2% sell-off on Monday confirms that this decline is not over and likely will continue for some time.   Click on either of the charts below for more details.


  
China (FXI @ 34.14) continues to be the center of this storm.  If Chinese stocks continue to sell off and worries about Chinese growth and even stability rise, then it will be very hard for the United States stock market to rally. 
 


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