Noted in the 11:47 update that the index was probing a support zone (870/868 session low 871) amid low volume and suggested watching for some stabilization near midday. The index did put together a choppy bounce but has thus far stalled at intraday resistance mentioned at 877 (rebound high 877). Unless it can breach and hold above this initial level (secondary barrier at 881/882 in front of unch at 887) it will move into the time period (14:00-14:30 ET) where there is often a pick up in volatility/price movement still on the defensive. Minor supports below are at 864 and 861/860 in front of last week's low at 857
Thats so funny that you posted that. I passed that exact same trade. I called myself an ass for even thinking about going long right now without a good reversal setup.
was bored last nite,so i asked on a thread here and surdo,tomahawk helped me out,also took out a 250 memory chip and put in 1 gig