The gap down this morning looks like a continuation of the triangle break post last yesterday evening. Now if we don't resolver 1/2 of the gap by 2PM today then i am sure we heading towards the lows mentioned last week of 1042 on the S&P which is my target.
We are weak here and folks trying to find good news to push us higher but it is not sticking I am watching the financials carefully as they essentially was the big bouncers from the 2009 lows and I expect them to be the first ones to show weakness before we get a real push on the downside.
Watch as usual BAC $15 level, very important for this stock.
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