Friday, October 3, 2014

S&P 500 futures...some perspective

Perfect bounce off the trend line yesterday.  Now what?
A rally then roll over would hurt the most people, so that's what I'm leaning towards because the market is a nasty beast.

100 dma = 1954
9 dma = 1961
50 dma = 1969

These are all good levels to lighten up or even lay out shorts, in my opinion.

The 200 dma = 1897 and lurks below with a big bullseye on its head.

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