Thursday, August 4, 2011

S&P 500 ~ Intraday Update 1 ~ 4 August 2011

Another crazy day!!

We got a small bounce (~6 handles) at yesterday's low (wished it would've been more... : )) and then sold off down to the weekly MA 76:

From there we got a bounce and are now near yesterday's low again which I think will be some sort of a resistance. If we break it the next target is a gap close at 1260 (not saying all this will happen today... wouldn't be surprised though lol)