by Richard

  Interesting dynamic in the SPX today. The ratios continue to tumble above the zone and increase below it and

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by Richard

  The FTSE tested R2 first thing, getting as high as 7756.11, before retreating almost the entire way down to

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by Richard

      Ratio decimation is the only way to describe it above the zone in the SPX. Stronger ratios

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by Richard

  In the FTSE’s ratio table above the move by R1 to 7700 doesn’t look that much, but it does

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by Richard

  The ratio erosion in the SPX continues while below the zone it continues to rise and by enough now

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by Richard

      The FTSE was certainly the poor cousin in Europe and was evidently struggling in R2. We did

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by Richard

  R2 in the SPX held the market right up until the last hour, so it did very well indeed,

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by Richard

  As we said on Friday “again, this madness about the open”, this time however we don’t think anyone really

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by Richard

  So far it seems like R2 is the SPX’s kryptonite as apart from running into that everything else is

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by Richard

  There cannot be anyone left in any doubt about R2 affecting the FTSE after yesterday. Again, this madness about

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