The Markets Are at a Number of Critical Levels Here

August 11, 2015
By Bryce Coward, CFA in Markets

Today is shaping up to be an interesting day of trading so far. We’ve got oil breaking down, copper breaking down (again), the S&P 500 and 10-year treasury bond sitting pat on their 200-day moving averages, and EM stocks just about touching their 2011 low. Needless to say, the coming days will be interesting because the outcome is likely to be binary:

  • A powerful bounce off of these critical support levels, or
  • The breaking through support and potential much lower levels subsequently

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