The market had another rough day today as the sell off from Friday continued this afternoon, leaving the S&P close to this year lows.
It looks like the market next area of major support is at the 38.2% Fibonacci retracement of the April highs, which would put the index at 1010, resistance continues to be at the 1100 area at the 200 day moving average.
So far the most profitable trades continue to be shorting the rallies.
No comments:
Post a Comment