Monday, April 26, 2010
S&P weakness
Today the market posted new highs at 1219.80 but quickly sold off breaking the short term support around 1214.
The financials were specially weak, contributing to the S&P pullback.
Next levels of support are first 1200, then the rising daily 20 day moving average around 1195 and then 1185.
Another important sign of weakness was the VIX which spiked 5%
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