WORST STOCK MARKET START TO THANKSGIVING WEEK IN 45 YEARS?

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New Lows Coming

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While US cash markets are closed the futures continue to trade, with all of them red at the moment including, notably, oil.

Also notably any corresponding bounce in US Treasury paper is missing in action.

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All of which is consistent with the liquidity flood now heading back out to sea.

Oh well, easy come, hard go.

For reference, the former closing low in the S&P 500 was 2,581.0 on Feb 18.

For kicks, the other manufactured double bottom low was 2,581.9 on Apr 2.

So there you have it.  The next big fight is to close at 2,582.0 so a massive tripple bottom can be painted.  You know, because “”markets.””

 

h/t Chris

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