Tuesday, June 8, 2010

06.08.10 - S&P 500 Support-1 Holds

Price is just about to re-challenge its daily Pivot, which [maybe] promising for the afternoon if we can break that as volatility comes back off on short covering. However, trade is unenthusiastic and internals are still leaning negative. Update: No dice, pivot as major resistance; can S1 likewise hold a second go? Bulls need a higher low on this retest. Update2: We got it, off to the races as originally anticipated.

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