- Dubai Struggles to Ease Debt Fears; Investors Rattled
- US Companies Already Moving on Curbing Emissions
- Fannie Mae to Tighten Lending Standards: Report
- Investing in Good Karma – and Making a Profit
- Retailers Should Believe in Christmas Miracles
- Wal-Mart Price Pressure Hurts China Workers: Report
- Bankruptcies Jump, Hitting Highest Level in Four Years
- Steepest Black Friday Discounts, Revealed
- Where Do Pardoned Turkeys Go?
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Revenge of the Gangsta Nerds
- Will TCU See The "Flutie Effect?"
- Retail Earnings and Sales to Improve in Q4: Analyst
- Consumers Catching the Holiday Spirit
- It's Beginning To Look A Lot More Riskless
- Crescenzi: Claims Level Suggests End to Job Losses
- Hedge Funds Take Early Lead in Warren Buffett's 'Big Bet'
MOST SHARED
- Kuoni CEO Sees Recovery in Travel Sector
- Gold Retreats from Record High as Dollar Rebounds
- Dubai Struggles to Ease Debt Fears; Investors Rattled
- Chinese Overcapacity is Worsening, EU Chamber Warns
- Wal-Mart Price Pressure Hurts China Workers: Report
- Fannie Mae to Tighten Lending Standards: Report
- Hyundai-Kia Targets Rapid China Growth in 2010
- China Unveils Carbon Target Ahead of Copenhagen
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
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
- For nearly three decades, these on-call experts have been dishing advice on how to – and not to – cook turkey.
- Ever wished your cab driver would stop nattering and just get to where you're going? Well that moment is near(er).
- Eric Schmidt pledges to create a virtual copy of the Iraq National Museum at Google’s expense.
- Bill Griffeth is taking a leave of absence from CNBC and Power Lunch for a year. Here's a message from Bill.
- More shoppers than ever plan to comparison-shop this season. Who will benefit?
- It may be the most unusual guide to business you'll read.
Data is a real-time snapshot *Data is delayed at least 15 minutes