Wow Just Wow.
A wild ride on the US S&P500 this morning. A total free fall smashing all expected supports including the 38% Fibonacci retracement and what i thought would hold which was the 2665 level. (this corresponds with the highs on December 18 and December 4)
It seems however a bottom was just found at around 2638.
However it will be a bloodbath today on the ASX no doubt.
Also interesting to note it was Jerome Powell's first day as Fed Chairman. He was sworn in earlier today and as part of his pledge promised to 'Maintain Stability'. A trial by fire awaits.
https://www.marketwatch.com/story/jerome-powell-sworn-in-as-fed-chairman-2018-02-05-9103502
Lame Duck Tuesday, page-5
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7,796.0 |
Change
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| Open | High | Low |
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| XJO (ASX) Chart |