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World Stock Markets Trading Discussion - Unstable unfolding


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Anything is possible and nobody knows what will happen.

 

But is not the technical deterioration in the market leaders and averages here obvious?

 

Is not the risk of a large sharp drop here substantial?

 

Shirley the gov't jobs report 8:30 could be "positive" causing a temporary rally near or above the 50-day MA on ES. But if it fails again there won't the selling pressure likely accelerate?

 

I think it's likely we re-test the 200-day soon after the election regardless of who wins. And I think it's likely the 200-day will not hold.

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w?s=%5EAORD

 

All a bit of a dog's breakfast today. All Ords closed +0.1% with sectors all over the place ranging from Miners +1.4% down to Utilities -0.7%.

 

Over in Asia, China -0.2%, Honkers +1.4%, India +0.8% and Nikkers +1.1%.

 

 

On to UK/Europe:

 

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NQ trying to turn 2680 from resistance into suport, as the SuperSpike down toward 2600 appears to have been the October/Election cycle panic low.....

 

Bonds gettin' a bit bit more enthusiastic about turning now...

 

If they can keep 30 yr under 148 today, wheels could come off fast now that SuperSandyPanic is done...

 

 

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