Loading ...This is a perfect technical setup of disastrous proportions. If support fails here, the CME/PPT will have more than its hands full trying to manage the carnage that will come. I’ve often said, the herd is not going to sit this through another 2008. They will exit and possibly all at once. Vaporized will be the headline. If you think they have issues managing the ebola fears, just wait for their darling DOW to falter.
RUT Weekly – The consequences of the INDU setup above can be seen on the RUT. Meet upper LT resistance at improbable levels, rising channel failure, backtest at double top with horrible negative divergences and let go. RUT taking out key support yesterday setting a lower low was really not good. 1025 and 980 are RUT key support points and should be the targets from here.
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