SP500
SP500 has fallen 4% from 1850 to 1773 today (Monday 27 Jan 2014) . Watching the weekly close to see if the SP500 is below the December low of 1768. If we see a bounce from 1773 up to 1813 and failure to move further, then the next move could be down to the 200ema (1704).
FTSE
The FTSE is down 4.8% from 6867 to 6539. Looking for a bounce from 6400 up to 6650. A weekly close below 6434 would be a warning for a test of 6000
SP500 has fallen 4% from 1850 to 1773 today (Monday 27 Jan 2014) . Watching the weekly close to see if the SP500 is below the December low of 1768. If we see a bounce from 1773 up to 1813 and failure to move further, then the next move could be down to the 200ema (1704).
FTSE
The FTSE is down 4.8% from 6867 to 6539. Looking for a bounce from 6400 up to 6650. A weekly close below 6434 would be a warning for a test of 6000
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