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

Posted by Macneil Curry - BofA Technician via ZeroHedge

Share on Facebook

Tweet on Twitter

20140131 baml1

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)

20140131 baml1