Off the Charts

The S&P logged its first losing day of September in today's session as it broke a seven-day winning streak. Losses were mild, though, as the S&P, Dow and Nasdaq finished down 0.34%, 0.17% and 0.24%, respectively.

The S&P has seen a strong snapback off the 1627 pivot low area from Aug. 28. It was stated last night that we are starting to enter overbought territory and digestion would be key -- that remains the case. The question now is: will today's move lead to further downside or will we merely see a few days of rest above 1674? We will be watching short-term pivots to make that determination....381 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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