Gosh it must be time to load up judging the sentiment on this thread atm.. but I know what you mean Endless it's hard to pull the trigger when everything looks like it wants to go lower. I have a few cheeky low bids spread around the traps & they may just get hit. Will be happy if they do as sentiment and the indices will mysteriously swing around again to the upside.. sooner than anyone thinks imo. In saying all that though the US does look weak and I think the big money want it lower so they can load up again imo. I was looking at the SPX chart (i know it's messy but makes sense to me) and the price has broken down into the lower channel. There is some weak support directly below (yellow line) but looks like the resistance is much more significant at this stage? Stochastic looks set to head further south also? The only thing keeping me bullish is that the early Nov tops are in "no mans land" imo, or at least I can't find any significant resistance at those levels which makes me think the current move to the downside is temporary? We will see.
