$SPDR S&P 500 ETF Trust(SPY)$  is under pressure from high oil prices above 80; fomc meeting on 19-20sep; china key loan prime rate. spy retreated after my previous post. likely headed for 398. 

$FTSE 100(.UKX.UK)$   is a leading indicator of spx. it has made a u turn up to resistance zone instead of breaking down support zone. spx may not follow suit immediately, it may follow a few weeks later as shown in my previous post. 

$WTI Crude Oil - main 2310(CLmain)$  hovers above 80. this is the pain point level of markets. when it stays above 80, stock prices are pressured to retreat as it implies higher inflation and that translates to higher rates. higher rates means higher borrowing costs for businesses and in turn stifle economic activity. 

us2y is the forward indicator for fed interest rates. it gives us a heads up that interest rates are going to stay above 5%

the chinese government has been stimulating the chinese economy by cutting rates and giving stimulus but the market is still weary of the property crisis. 

do apply automatic investment system where you add shares at each 10% drop or at support zones if you know technical analysis. this way you conserve your capital while the stock is strongly downtrending. do take profit at 10% intervals or at resistance zones if you know technical analysis. this way you have capital to buy the dip. only applies to stocks in an index or warren buffett would approve. bon courage.

merci beaucoup@TigerWire   for the new topics notification and@TigerStars   for reviewing our posts.

merci beaucoup@JinHan   and@Asphen   for sharing your analysis.