By John Pisanchik

Well the 1100 level in the S&P Cash Index did not hold and weakness is now coming into the market. The market closed on a couple of important support levels so a bounce is possible tomorrow. If there is no bounce and the market closes below 1086 on the S&P Cash Index on Wed., then Thursday and Friday should pick up steam to the downside. Support could  come in at the 1075 level, but I am looking for the market to get to 1025 level later next week. Happy Trading.

Filed under: Market Opinions

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