Tuesday, June 7, 2011

Not good

Not looking good for the bulls right here- We hit the 1294 and came within .5 points of 1296 but we just dived in the last hour. Look for next support maybe overnight @ 1279 if we continue to head down.

Turn Around TUESDAY

Well possible we get the usual turn around Tuesday today. We are dramatically oversold and volume on the downside yesterday was pathetic. Watch for us to hold yesterday's low if we venture there and then watch on the upside watch 1294 wish I think they will hit today to keep the bulls from totally running over.

1296 will be the closing number to watch on the upside to give the bulls some saving here.