Monday, 21 November 2011

Indices start early.....

S&P future is breaking 38% retracement of the rise from the 1074 lows. It may not accelerate now until the us market open....european markets on the other hand can't wait until then.

Italian MIB support 14750....although it already looks like 14600 is coming soon. 61,8% retracement important if this down move is just a correction.

1 comment:

  1. MIB has paused all day at 14750....spx futures slided to 1192...if during us market hours 1190 is broken and firmly stays beneath it, then I belive things are going to get ugly. Bears should feel uncomforable above 1230.