Markets Pounded
Who can handle a decade of negative real returns???
Just wanted to post a quick SP Futures chart here, as we noted yesterday a close below 4030 would open the door to 3930/3920 area, well 3940 last. Both the Vwap and channel lows come right in around 3917 area. We would expect initial support to come in around these levels but don’t expect any bounce to last very long given the technical damage that has been done:
