Whiplash

Markets need to hold key levels or look out below!

 You see that little red spike that is a bullish hammer, think its just coincidence it occurred right at the upper band of that channel, think again. Computers and technicians are trading if for some reason that breaks we are headed to 165.

 Silver also had a reversal day and printed a smaller hammer than gold, down big early and mid day came back. It need to hold or next level is 31.25 then 30. (using SLV)

SPX had a nice gap up that was sold off hard, the MACD is still over bought and rolling over.

Unless there is some good news (hail Mary type) the dominoes will fall (PIIGS) and then spread here like ebola. Read "European Banking System In Peril"