The speed and depth of this drop (confirmed correction as of 1/22/10) will weigh heavily on the odds of 1150 holding as a top.
Even though short covering along w/a trade the dip bounce should occur next week – 1050 certainly looks like a near term target on the S&P.
Looking for a place to add to “SH” (S&P short). Our current stop is w/in 5%.
Good support on the SPX at 1000 and then 950. Obviously don’t know if this will occur – but I’d like to see it.