U.S. Indices stick to a lower consolidation. Yesterday there was a penetration of a new bottom, which followed an unsuccessful effort to buy off the fall after the medium trend breakthrough.

Today, if markets could pass the previous day’s bottom, then it would be reasonable to look for a correction continuation until the next potential support level of about $189.64. Macro trend is still valid and the main question is where does it lead? Either it leads to the next small correction that has been bought off earlier, or to the deeper correction of 10%-15%.

SPY

Newsbreak

Asian markets followed the U.S. ones, Nikkei fell to a minimum for past 6 weeks.

Europe is still under the pressure of a hard situation in the Eastern Ukraine. European stocks give some good trading opportunities.

Texas Oil is still under pressure, it is below all the key moving averages. Pullback to 200 EMA will give trading opportunities for a Put.

USO