Technical Warnings

posted Jan 14, 2015, 9:49 AM by Katie Shook   [ updated Jan 14, 2015, 9:50 AM ]

The overnight move in the futures has been a dramatic move to the downside over the past six hours or so.  In fact, we may take out the intra-day low set on January 6th and break below the 100-dma.  A close below 2007 on the SPX would indicate a likely test of the 200-dma at 1964.  If the market does decline we may see another buying opportunity.  With yields continuing to decline we are likely seeing a mispricing of risk…  again.  One thing’s for sure — volatility is back.

Weekly Estimated Range

ScreenHunter_01 Jan. 14 06.24

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