Saturday, October 31, 2015 10:54:37 AM
From TraderCast.........S&P 500
EOD price action is pointing to some profit taking that took place on Friday 30th October. Further bearishness could target downside supports at 2070 followed by 2045. Additional support is at 2040 level which is 20 MA and also 23.8% Fib retracement from September low to 30th Oct high.
Upside is firmly capped by resistances at 2093 followed by 2100.
EOD price action is pointing to some profit taking that took place on Friday 30th October. Further bearishness could target downside supports at 2070 followed by 2045. Additional support is at 2040 level which is 20 MA and also 23.8% Fib retracement from September low to 30th Oct high.
Upside is firmly capped by resistances at 2093 followed by 2100.
Treasuries don't yield anything. U.S. debt is dangerous. The dollar is overvalued. Stocks are overvalued. Gold and silver are safe. They're going up.
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