Option Investor
Printer friendly version
With equity futures dropping below yesterday's lows (except for NQ) it increases the likelihood that the bearish wave count (calling for a steep selloff) is correct. It now takes a rally above yesterday afternoon's high to negate the bearish setup so stay short (short the bounces) until proven otherwise. But expect support near SPX 810 where it will close the gap from last Thursday and hit its uptrend line from March 9th.

Market Monitor Archives