SPX - got resistance ahead
- we are in middle ground right now
- many stocks look ready go to lower..while others look like they got a long ways to pullback before its off oversold levels
- move in market today makes trading over the weekend very risky
- with a shortened week next week, i wonder how things will move
- VIX and dollar suggesting that we are more likely to fall next week than move higher...
- for today, we got a huge drop from the spain downgrade but was able to recover in swift fashion in just the last hour to cut the losses in half
- traders should be on vacation now, but there are still big moves in the market
- think that if volume falls, get a great chance to push higher and erase all losses today in the last 30min
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