Tuesday, October 6, 2015

Equities Have Hit A Rather Important Spot On the Charts

ZeroHedge had a rant yesterday that included an instructive chart:

Failure to trade higher, and early pre-market we're down 5.50 on the S&P futures, leaves an ugly approximation of a head-and-shoulders (you have to squint) that means if we fail, then the whole world, including the United States, including all that we have known and cared for, will sink into the abyss of a new Dark Age made more sinister, and perhaps more protracted, by the lights of perverted science down, possibly under S&P at 1775-ish.

Yesterday1987.05 up 35.69.

Sorry about the strikethrough bit, it's from the Finest Hour speech and going into another post.