Off the Charts
The market remains under pressure since failing at 1363 as European woes remain constant. There was weakness across the board today, and the indices all closed down, over 1% with the Nasdaq getting hit the hardest, down 1.95%.
The market saw continuation to the downside today after Thursday's potent move down. This is a tricky spot in the market, as it is tough to buy the dip in the S&P 500 since the down move was so fast and furious, but it is also hard to short at these lower levels, considering we are now 50 handles off of last week's high of 1363. The last line of defense for the bulls is 1307....751 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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