There is no interest in buying what they are selling at these levels. Volume was down today and price finished on the low side of the SPX and COMPQ bars. My opinion is that SPX 1170ish is almost a given. There are a lot of tensions between the US and Russia and Israel and Iran that are not in the US news. Watch for something big to happen geo-politically in the next few weeks… maybe my personal seven year cycle is giving off some bad vibes, but I think something is up beyond the financial issues…
Charts courtesy of Stockcharts.com
Tags: Nasdaq Charts · Standard and Poor's 500 (S&P500) · Volume2 Comments
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Arch Crawford says Oct 10 +/- 5 days is possible market crash
Possible if we wedge upward into October.