Friday 30 September 2022

Spiraling lower



The SPX saw a net September decline of -369pts (9.3%) to 3585. This was a sixth consecutive bearish monthly settlement under the 10MA (4190). Momentum ticked lower, and is on the extremely low side.

Most notable is the stall from the key 10MA, where the daily 200MA was also lurking.
Q4 should broadly favour the equity bears to 3200/2900.

For more of the same...


For details and the latest offers  >>>