We just finished up with another down week for the S&P500. That makes 3 out of the last 4, which hasn’t happened since November. The 20 day moving average hasn’t been declining this long since November either. So we’re seeing some new things for sure. But no confirmed breaks just yet.
Dr. Phil and I recorded our weekly chat and discussed those levels we’re watching in S&Ps. But also the big break down in China this week, Crude Oil’s potential breakout as well as the possibility of another leg down in gold miners. Check it out:
Tags: $USO $CL_F $SPY $FXI $EWC $SPY $GDX