Watch 1085 on SPX
Posted By Barry Ritholtz On January 28, 2010 @ 11:30 am In Markets,Technical Analysis | Comments Disabled
Market approaching key support — watch SPX 1080/85 — A close below this sets up another 5% leg down towards 1035 area.
Pete on my trading desk tells me he sees “some buying and short covering happening at this level in here now.”
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