Monday, May 17, 2010

Magical Mondays Under Threat

Things are certainly different... the potential for a down Monday actually exists.

Once Friday's key level, S&P 1130 broke, the index dumped 10 S&P quite quickly. S&P 1125 did not put up much fight, so now at 1120.

Remember, the lows of 'flash crash' week Friday were below 1100.

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