As we discussed last post, CSCO has crapped all over the market.
The relentless wave of OCT-NOV NDX is over,
The gap this morning was below 1st support at 2150. 2150 becomes resistance.
Also, as we discussed, not much solid support till 2050, with 2100 looking like potential support.
2100 is also half-range of 2050-2150, so it may live up to its potentials (I have a special liking for half ranges)
Let's see if market can recover from CSCO dump the way it recovered from AAPL's aftermarket blah-blah mid-October.
S&P 500 – May 15, 2012 - Bottom Line: Long term trend is up. Mid-term trend is down. Short-term trend is down Weekly S&P stage is Late Advance (2-C) Daily S&P stage is Strong Decli...
1 year ago