1750 S&P Support: “Below Here Is Trouble”

Posted by Macneil Curry - BofA Technician via ZeroHedge

Share on Facebook

Tweet on Twitter

S&P500 key support at risk.

Despite the repeated signals that investor anxiety is at unsustainable levels and that this is a late stage “risk off” environment, given the blow off top conditions in several EM currencies, particularly $/TRY, and extreme readings in SPX volatility, with the VXV/VIX ratio recently breaking below 1, the S&P500 can’t maintain a bid. Key support is vulnerable.

….click HERE or on chart for more comment & 5 Charts( all that can be made larger)

I know Mike is a very solid investor and respect his opinions very much. So if he says pay attention to this or that - I will.

~ Dale G.
I've started managing my own investments so view Michael's site as a one-stop shop from which to get information and perspectives.

~ Dave E.
Michael offers easy reading, honest, common sense information that anyone can use in a practical manner.

~ der_al.
A sane voice in a scrambled investment world.

~ Ed R.