LMAO, I need to go down and check that out. For the curious, pull up a chart of the monthly for the S&P 500 over a span of 10 years ... then come back here and tell everyone whether you think this is a Bull or Bear Market. Pretty amazing, huh? Years of wealth accumulation wiped out in a matter of months ... scary stuff for the "investors"! :eek:
970 is the next support, but the low 960s is the target of a measured move taken from this morning. Exercise ure own discretion.
My problem here is that one could make the argument, that today's low (SPX,972) was already the bounce low and since we pretty much finished in a Doji, that was just consolidation before further up. The NDX chart supports this argument, because it pulled back from above to the SMA and closed right on it, ready to bounce higher....