Paul Rodriguez – Director of ThinkTrading.com – joined Zak Mir in the Tip TV studio to discuss the equity markets, and how volatility indicators might be pointing to another large downside.
FTSE set for a sharp down leg
Rodriguez believes that the FTSE 100 is entering a period of consolidation, and believes that the bear market can take hold in another selloff similar to the Black Monday last week. The S&P 500 is facing different prospects, as a bullish response to buying the dips is working to create a more symmetrical head and shoulders top.
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