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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 691.72-0.1%Jan 16 4:00 PM EST
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To: Johnny Canuck who wrote (47692)4/10/2012 1:12:40 PM
From: Johnny Canuck  Read Replies (2) of 69827
 
Approximately a 4% correction so far. Some analysts were calling for a 5 to 10 percent correct to set up the next more higher. We are on day 5 of consecutive down days in a roll. Statistically it is high unlike to get more consecutive down days in a row.

SP500 next support level is 1350. If we get another down day tomorrow I would expect a bounce there.



3.9% correction on DOW.



Only 3% correction on COMPQ

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