Friday, July 2, 2010

870 area on S&P is new MAJOR support area

870 area on S&P will be our next major test. If this doesn't hold all hell may break loose.

15% down correction from here will give us 870 area on S&P

Lots of downside potential still available, don't rule out minor rally from 1K S&P and further consolidation until we drift much lower.