China – biggest fall in 10 years, drops 250 points overnight. Longs in the UK will get crunched.

The DOW closed the day down 15 points fall back near to the major lower trend line. The S&P closed down 1 point as it continues to hold near the highs. The NASDAQ had a key reversal bar yesterday closing down 10 points. The FTSE, writes Greg Secker, 100 gapped higher at the open and closed up 33 points. The FTSE, writes Greg Secker, 250 closed up 12 points as it continues to consolidate at the highs. Futures – DOW is called down 18 points, FTSE is called down 20 points. Oil is trading at $61.40 a barrel and gold at $685.40

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