Friday, May 14, 2010

Intraday Update 14 May 2010

Dow -2%, SPX -2,5% and the Nasdaq down almost 3 %.

The market finally broke out of that tight trading range of the past four days. We already opened below the first support at 1150 and have been selling off since then.

Next target should be 1110ish - close of that biiiiig gap ; )