Market Outlook

SP500 futs intra day chart now gives bearish warning so maybe
yesterdays rally is ending.

The sideways chop and short covering spikes is caused by recurring
buy support conflicting with significant sell pressure.

As mentioned, the big picture remains bearish and this will ALWAYS
exert the most influence. The only thing GUARANTEED is that the
bearish medium / long term cycle will have the upper hand.
 
SP500 intra day trend reverts to bear mode.

Back to the medium / long term outlook: Euro bearish and USD
bullish. The OVERDUE dollar rally could be substantial.
 
Quote from GrandSupercycle:

SP500 intra day trend reverts to bear mode.

Back to the medium / long term outlook: Euro bearish and USD
bullish. The OVERDUE dollar rally could be substantial.
More...

I agree with you now.
 
ISM # due out in 20 mins a reading above 50 today and the markets rally 1%+ without question! Very important number today!
 
Quote from GrandSupercycle:

Expected resumption of the equity downtrend is confirmed.
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I would like to disagree. We had lots of good news recently (car sales, retail sales.... and the job report was almost expected specially for August that we had lots of uncertainty. Outlook is not that bad and actually we might see a rally today.
 
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