Wow, here we are back at 1080 — lets see if it holds . . .
My prior best guess at how this played out was a break of 1080, a rally back to the prior range, and then a drop toward 1038 or so.
I was surprised how far that oversold snap back went over 2 days, but we are right back to highly watched key levels again.
Watch 1085 on SPX (January 28th, 2010)
Broken Support; Next Stop 1038 (January 29th, 2010)
Key Break Playbook (February 1st, 2010)
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.