Stocks Slump To Post-QEternity Lows; At Draghi Cliff's Edge

Tyler Durden's picture

We had the knee-jerk reaction spike. That was faded. Then we had the retest as hope remained - though it was led by the most defensive sectors as we have pointed out. That was faded. Double-top? S&P futures now sit at the top of the Draghi/ECB spike cliff...

 

 

This is the first up-trendline break (orange line) since pre-Draghi...

 

S&P Sectors post-QEternity

 

S&P Sectors post-Draghi