Wednesday, October 9, 2013

Tuesday 10/8: Big Moves Lower

All positive thinking is gone and sellers are going at it again. Indices lost big today, especially tech and small caps. The ones that were leading all the way up, are now finally turning lower. Indices are getting oversold (Dow and S&P500 anyway). But another 'big' day lower is very likely...

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
None of them moved much, all consolidating more or less.

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