Monday, October 3, 2016

The Noose Is Tight

I would be remiss in not pointing out that the opening downside gaps in the S&P are widening again, as the daily ground and pound of the seven month trend line continues...

But first, this is selling pressure (down volume / up volume):

I would also point out that today's leading market was the London FTSE, on news that the Brexit "article 50" invocation date has been settled (March 2017):

Which should complete wave 2 in our count:

Short-term S&P gaps:

One year of overnight risk ignored:

With World ex-U.S.:

Gap risk compliments of Japanese Nikkei identical to 2008:

And German Dax:

France CAC:

Mind the Gap: