Thursday, March 4, 2010


Markets formed double doji the past two days. This is setting up for a major move. There is more leaning towards the downside, so I drew out major support on the SPX and COMP. January resistance is most important for the RUT, also drawn out. The DJIA has support at the 50-day MA (10370). There is one big variable, which is this morning's plethora of reports. In the event that we gap down below intraday support, expect continuation. Schedule from is below.

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