Hopefully (for those on the downside) Monday has set the tone for the week, and we will see 1700 before it's over.
Quite curious to see how far it goes in the coming months
.
S&P 500 Daily Chart
Tuesday, February 4, 2014
2/3/2014
Monday saw a significant decline of over 2%. After busting through the 1765 level on the S&P, the entire day saw declines, hour after hour. November lows were taken out swiftly thereafter. This is a clear breakout of the consolidation that was occurring, and measuring this breakout offers 1700 as a potential support, right around where the 200 day moving average is.
Hopefully (for those on the downside) Monday has set the tone for the week, and we will see 1700 before it's over.
Quite curious to see how far it goes in the coming months
.
Hopefully (for those on the downside) Monday has set the tone for the week, and we will see 1700 before it's over.
Quite curious to see how far it goes in the coming months
.
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