Black Monday

Trading below the most recent SPX low at 1442.81 should see a decline toward the 1437/1433 levels. Doesn't look good for the WEEKLY close today.
 
long red candlestick hitting the bottom of that long daily channel on QQQQs again.

PPT better step in by end of day, or else this does not look good for tommorrow=(
 
Quote from dtrader98:

long red candlestick hitting the bottom of that long daily channel on QQQQs again.

PPT better step in by end of day, or else this does not look good for tommorrow=(
More...

Tomorrow is SATURDAY.
:D

SPX just bounced off a 50% retracement (1435.04) of the rally up from Jan. 26th at 1416.96
No need for PPT here.
Just technicals!
:p
 
Quote from Landis82:

Tomorrow is SATURDAY.
:D

SPX just bounced off a 50% retracement (1435.04) of the rally up from Jan. 26th at 1416.96
No need for PPT here.
Just technicals!
:p
More...

lets see how long that 1435 holds. Next week could either be fresh highs above 1450 or a break down below 1424 area.
 
I don't know how major the technical damage was, didn't seem all that bad to me, however saw that the CIO of Blackrock, you know the fund with $1trillion under management, was saying this weekend that he saw a small pull back coming in equities. He did also say that they would be buyers on a pull back. Looks like the big boys need a big enough dip worth buying. Is the ES takes out 1432 short away, if it stays above 1440 long is not wrong.
 
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