S&P 500 - October 4, 2010 - Intraday 2

Ugly, eh?

We had correctly recognized the corrective nature of these past days up moves.

So far, it's a retest of breakout at 1134.


Let's see how it holds.

Keep an eye on NDX as it got sold very hard -- maybe window dressers are mass migrating out of tech darling they bought to beautify end-of-quarter publications -- who know?

1130, 1120 are key levels short term.