By Tim Knight
Well, my hope that prices would swan-dive away from the broken trendline are denied – – or at least delayed – – as equity prices clamor back toward the underbelly of the broken trendline. We see that here with the S&P 500 e-mini futures…….
……as well as the NASDAQ…….
There’s no particular news driving this (and, to be clear, the gains are modest – – about a quarter of a percent overnight) but maybe the Jackson Hole event is lulling people into banging the Buy button again. All I know is that if selling does resume, it tends to escalate extremely fast, so I’d rather be in position beforehand.Subscribe to NFTRH Premium for your 50-70 page weekly report (don't worry, lots of graphical content!), interim updates and NFTRH+ chart and trade ideas or the free eLetter for an introduction to our work. Or simply keep up to date with plenty of public content at NFTRH.com and Biiwii.com. Also, you can follow via Twitter @BiiwiiNFTRH, StockTwits, RSS or sign up to receive posts directly by email (right sidebar).