- Who Were the Biggest Winners And Losers This Year?
- GE, Comcast Complete Deal Over NBC Universal: Source
- US May Raise Rates Before Jobs Recover: Fed's Plosser
- Stocks Likely Don't Need Santa to Keep Rally Going
- Larry Kudlow's Open Letter to Tiger Woods
- AIG Slashes US Debt Under Deal With New York Fed
- Commercial Property Fears Are Overblown: Zell, LeFrak
- Trump: Time to Force Banks to Start Lending
- Seamstress Fined $5.7 Million for Insider Trading
- BofA On Proposed Changes In The Housing Bailout Program
- The Future of The Media Landscape
- November Auto Sales Muddle Along
- Busch: What Obama Won't Say Tonight
- Stick with Equities—Avoid Emerging Markets: Laszlo Birinyi
- Pfizer Chomps On A Carrot
- Predictions 2010: Technology
- Predictions 2010: Consumers
- Predictions 2010: The Big Picture
MOST SHARED
- GE, Comcast Complete Deal Over NBC Universal: Source
- Retailers 'Friend' Facebook as Marketing Budgets Shrink
- Predictions 2010: Technology
- Pending Home Sales Have Record Rise; Construction Flat
- GE, Comcast Will Both Benefit From NBCU Deal: Analysts
- US May Raise Rates Before Jobs Recover: Fed's Plosser
- CNBC's Winners & Losers of 2009 Results
- Predictions 2010: Media
Text Size 
The S&P 500 and FTSE 100 could plummet further if key resistance levels aren't held, Phil Roberts, technical analyst from Barclays Capital, told CNBC.
If the S&P 500 [.SPX
Loading...
()
] can't close above 986 and if the FTSE [GB;FTSE
Loading...
()
] doesn't close above 4,347 then "the mayhem could still continue," Roberts told "European Closing Bell."
The FTSE has enjoyed three consecutive sessions of gains this week, giving some investors hope for calmer markets ahead. But the VIX volatility index is still trending higher.
 |
"If we are coming into a period of stability then the VIX has got to reverse this uptrend," Roberts said. "There are signs it is losing momentum, but it's still above the 21-day moving average (around 62.5) … It's still behaving like it wants to go higher," he added.
Roberts is also bearish on the euro versus the dollar and predicts the currency cross could fall to 1.15 / 1.20.
Print
Email
- Will the Fed raise rates? Will the dollar continue its slide? CNBC experts weigh in on the year ahead.
- Goldman Sachs has forbidden employees from gathering in private holiday parties of 12 or more.
- Do you have what it takes to run your own business? Ask yourself these questions.
- Heavily armed pirates in Somalia have set up a sort of stock exhange to fund their hijackings.
- Since its launch in 1998, Google has become a primary force on the Internet. How much do you know about the company?
- A famed author has written all his work on an old typewriter that is now up for auction. The NYT reports.
Data is a real-time snapshot *Data is delayed at least 15 minutes