Kate, I am keying off the DOW and SPX. One close below DOW 10,200 and I believe it has the potential to drag the entire market down with it. SPX must hold SPX 1,440 on a close. UTIL 318.
For me to get Bullish, DOW needs one close above DOW 10,715 or SPX one close above SPX 1,480. DOW closed at DOW 10,376 and SPX closed at SPX 1,452.
Now on the NDX front. NDX needs to hold critical support NDX 3,645. We closed at NDX 3,804 down over 4%. One close below NDX 3,645 and I would cut bait long positions. If NDX penetrates thru NDX 3,580 to the downside and then closes back above NDX 3,645 that will be the day to go long.
Best Reagrds, J.T. |
