Wednesday, September 24, 2014

Equities: We Bounced Off Support

As was mentioned in yesterday's "Equities: Where to Now?":
...This morning, with 107 of those points in the can the question is what comes next. On a very short term basis the 1978 bottom of the last decline is support....
This morning the range on the S&P 500 has been  1,978.63 - 1,986.23
1,984.18, last.
 Chart forS&P 500 (^GSPC)
So now what? 
We should hit that 1978 at least once more, slice through and continue the down-move.
We'll be back with more this afternoon

Equities: How's About a Thousand Dow Points (to the downside)?