Monday, January 12, 2009


Watch for a bounce off of 880 on the SPX. If we slice through and breakdown from here, then we're looking at 860 (again).

The financial sector is already breaking down. That will be my focus for today.The market will not be able to sustain a rally without the financials.

1 comment:

Tradermarketinfo said...

Kind of disappointed that the bear market rally ending so soon. Let's see if Aloca and Citi will bring down this market tomorrow! Thanks for the chart update John!