Sunday, April 28, 2013

Look Out Below

On a daily interval of the S&P 500 Futures, a troubling pattern has developed. The two day action that looked like this last time, led to a major liquidation. As it stands, Sunday evening in Los Angeles, we have opened under Friday's close. Be very attentive to the action come Monday's open...It should also be noted, that this would be the third test at these lower levels (only partially viewable at this zoom level), which could take the index to much lower prices on a breakdown there.