Market sentiment ww38

Market continue to sell down till we see strong support at 1100 for S&P500. Next week mark the last week of Qtr 3, expect some window dressing activity, market will continue to volatile to Bear bias, just wait for Qtr 4 earning seasons should lead us some clue where will market heading to till end of year. Dow continue to swing around 11 yrs support at 10750, so we will see.

Market sentiment ww35

Wow, BEAR finally back after 1 week of rest, a GAP down for three bench mark have shown the momentum of bear this time are much stronger and heavier than previous one. The shit start to hit the fan, BEAR tsunami wave is coming more stronger than first wave. Logically after the downgrade of US debt rating, and recent zero job growth, we should not expect BULL will come back soon and smoothly, more downside to come, sit tide for another ride. Effect of the death cross ( SMA 50 cross 200 days ) start to kick in, this is no good, at least historical charts has told us.