22 September 2011

SP 500 and NDX Futures Daily Charts - Rough Seas and Investor Vertigo



Big drop in the US stock market on European jitters and recession fears.

Markets are starting to look for support here, with biggest tell in the NDX. Let see how that develops.

Potential 'island top' in the Vix.

Then again, things could continue to deteriorate. But the probability is that unless we are going to hell in a handbasket, the wiseguys are already starting to buy back in.