MrTopStep Mid-Day Update: 'The S&P 500 and Troubled Waters'

These are not our fathers markets, and they are not our fathers charts.

As of this recording, the S&P is on the lows, and is currently down 25 handles.

The FED has run out of bullets and its got everyone spooked.

Quantitative easing around the world is wearing off.

My main concern is the end of the quarter reblance.

This is a long time coming. The credit crisis low was set in 2009, and there have been very few pullbacks.

The down side is loaded with sell stops.

Look for me on ‘The Final 45’ every day starting at 2:15pm CST.

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