Well the markets have taken a beating today in Asia and Europe. Just waiting now for the U.S. market to open. It is looking like it will be well down. Hard to say if it will rebound by the end of the week. Have to wait and see how it looks.
I have done some posts as this FedEx chart develops. This is one of my bellwether stocks that I follow and trade. There was a confirmed major trend reversal in August with the break below the kumo. There was a rebound back above the kijun sen and then a continuation back below and failure of support. This stock was a great indicator ahead o the GFC and it has been again this time.
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