Monday I had a post in reference to the 1081 we traded down to and said that no where in my analysis did I get this number but I did get a 1076 number. 1076 just traded BUT we didn't stop there and bounce we went through though not by much. We should get a bounce in that area but that fact that it went through that level shows that there is more on the downside to come.
Important number to look at on the downside is 1054. Remember that was the all important number coming up to these levels. Now if we trade down to 1054 this week we would have a marking for a substantial pullback in the markets. remember it was just last week we traded 1150. It will get interesting here as alot of the flat market movement in the last three months of the year is expanding here but to the bulls disappointment to the downside.
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