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Apparently, the Yuan is collapsing. – If, Then… Market Timing

Apparently, the Yuan is collapsing.

By Rod David | August 11, 2015 - 9:30 pm

Apparently, the Yuan is collapsing. S&Ps had firmed up to 2085.25. Ranging there narrowly for an hour suddenly plunged 17 points to probe under today”s low down to 2067.25… This was the next lower target that breaking lower intraday would have satisfied. Now it”s being probed by 2 points. Satisfying the target overnight may be the only way to avoid extending into something durable. I”ll be adding further comments overnight in the chaRTroom at:
Win XP-Friendly — http://anymeeting.com/075-067-906
non-xp friendly — https://roddavid10.mitel-nhwc.com/join/shkphyy

Posted in S&P