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

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

By Tyler Durden
Created 10/10/2012 - 11:52
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 10/10/2012 11:52 -0500



 

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...

 

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

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S&P Sectors post-QEternity

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S&P Sectors post-Draghi

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Source URL: http://www.zerohedge.com/news/2012-10-10/stocks-slump-post-qeternity-lows-draghi-cliffs-edge

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