Chart Of The Day

The Black Swan Cometh

Btw, ADP jobs data came in especially weak. There was an estimate of 60,000 new jobs and the report only registered 13,000.

The S&P 500 is currently trading under 1040 (@1039 as I type) so apparently there may be little support for the index this morning and that may put us firmly under that critical 1040 H&S "neckline".

Also, European indices started off the morning in the green, but now have turned negative.

Additionally, the only major Asian index in the green was Singapore.

Scrutinizer