Close:
SPX closes at 1377.65, well below its 50 dma and under the trendline off March lows. Not what bulls wanted. The Q's and NDX staged a modest comeback and are parked just above 10 and 20 dma's. This either bodes well from a contrarian point of vue ahead of Friday's report, or it is a strong heads up that the week could get even more bloody. We will let price decide, SPX 1380/1383 is the new battleground.
This entry was posted
on Tuesday, June 03, 2008 at 6/03/2008 04:00:00 PM.
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