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S&P 500 Tumbles Into Red For 2015, Breaks Below Key Technical Support

Tyler Durden's picture




 

The S&P 500, having broken below its 200-day moving average again...

 

Has joined The Dow Transports, Dow Industrials, and Russell 2000 (small caps) in negative territory year-to-date...

 

Charts: Bloomberg

 

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Fri, 08/07/2015 - 11:23 | 6401299 Bokkenrijder
Bokkenrijder's picture

What about gold and silver?

Fri, 08/07/2015 - 11:27 | 6401318 clade7
clade7's picture

In the shidder my friend..gotta get your dickskinners on cases of whiskey and bags of tobacco/coffee at this juncture...just for your own good if nothing else..

Fri, 08/07/2015 - 11:48 | 6401405 Mayer Amschel R...
Mayer Amschel Rothschild's picture

+1 for referring to hands as dickskinners!  Hysterical LOL!

Fri, 08/07/2015 - 14:13 | 6402004 PTR
PTR's picture

Gold and silver?  Still kinda on-sale.

Fri, 08/07/2015 - 11:24 | 6401301 WTFRLY
WTFRLY's picture

Oh noes.  The war is coming anyway, either one is a convenient excuse for the other.

Fri, 08/07/2015 - 11:25 | 6401304 arbwhore
arbwhore's picture

Roll out the Bullard.

Fri, 08/07/2015 - 11:35 | 6401308 JustObserving
JustObserving's picture
S&P 500 Tumbles Into Red For 2015

Unpossible

Can we blame the "Chinese Citadel" for that and ban their short-selling in the land of free markets?  Or is it Chinese hackers using spoofing to lower the ever ebullient US markets?

Fri, 08/07/2015 - 13:44 | 6401879 r3phl0x
r3phl0x's picture

More like the US 0.01% giving the US 99.99% their 8-10-yearly shearing. They engineer most every downturn, because if they just let them happen naturally, they couldn't front-run them as effectively.

Fri, 08/07/2015 - 11:26 | 6401309 Your guess is a...
Your guess is as good as mine's picture

Bullish!

Fri, 08/07/2015 - 11:27 | 6401314 Closet Boy
Fri, 08/07/2015 - 11:27 | 6401316 KnuckleDragger-X
KnuckleDragger-X's picture

Again, some more. They'll prop it up again Monday, unless it really breaks range, then it might get interesting......

Fri, 08/07/2015 - 11:33 | 6401347 Closet Boy
Closet Boy's picture

The Show will begin in Oct. when a our aircraft carrier is removed from the Gulf.  

Fri, 08/07/2015 - 12:42 | 6401629 KnuckleDragger-X
KnuckleDragger-X's picture

Yep, but the overture will start in September.....

Fri, 08/07/2015 - 11:29 | 6401325 Dr. Engali
Dr. Engali's picture

23 trillion fiat dollars pissed away propping this pig up and now it's time to pay the piper. War is coming.

Fri, 08/07/2015 - 11:37 | 6401365 wcvarones
wcvarones's picture

How you figure S&P down for year? I still show it up a fraction of a percent.

Closed 2014 at 2058.90, now at 2069.

Fri, 08/07/2015 - 12:22 | 6401547 sdmjake
sdmjake's picture

Indeed. I still show the S&P500 up .008% for the year...muhuwahahaha!

Fri, 08/07/2015 - 13:45 | 6401903 r3phl0x
r3phl0x's picture

BTFD Bitches!

Fri, 08/07/2015 - 12:02 | 6401469 CarpetShag
CarpetShag's picture

Personally, I use the 189.56 day harmonic exponential linear MA. In extensive back testing it correctly predicted the trend 44.6% of the time compared to only 43.9% using the 200 DMA.

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