Respecting the diamond top formation (white), and seeing the consolidation triangle (green) play out to its 60-70% model breakout, and this one is clearly down. Any chance of holding ruined by the TL support failure (purple circle), the full moon's gravity having its way, as it has before many times, to the red box, and then ?? below? where we look to major horizontal supports for our next hold or bounce? But as world currencies devalue, one by one, from oil based economy third world nations, as we dip below wti 40 levels, panic sell may induce on oil, watching gold spike here a bit FYI, support here goes to fear trade Gold spike, when if fear was OFF gold would follow oil. Bought more vxx yesterday right before close, when bull dead cat bounce took hold. 1997-98 currency wars history is very valuable here, certainly not identical. Let's see how long this scenario plays out. Who has the guts to be long this weekend? As Mr. Potter said, in the movie its a wonderful life , "not with my money". 2040 is now in play as next possible support. The whole hedge fund world is watching the 200 day ma.
