So much for 1074 support... Euro will face resistance at
1.20. Short of a flashcrash repeat I'm thinking a short
covering rally will start at 3 which will then be sold off again
into the close back to 1073 or 1065. The question then
becomes will Europe do something this weekend...doubt it.
NFLX h&s is starting to look real good...the only strange thing
is the financials holding up. Any thoughts on why GS and
financials are showing relative strength ?
Anyone wanna call the close ?
Posted by deep on 4th of Jun 2010 at 02:11 pm
So much for 1074 support... Euro will face resistance at 1.20. Short of a flashcrash repeat I'm thinking a short covering rally will start at 3 which will then be sold off again into the close back to 1073 or 1065. The question then becomes will Europe do something this weekend...doubt it. NFLX h&s is starting to look real good...the only strange thing is the financials holding up. Any thoughts on why GS and financials are showing relative strength ?
entire market taking a bath
Posted by thermo on 4th of Jun 2010 at 02:39 pm
look at MI not all the financials are strong.
looks like a few of
Posted by Palladin on 4th of Jun 2010 at 02:13 pm
looks like a few of us are facing the same quandary .. see my post
I think if those divergences
Posted by pebs on 4th of Jun 2010 at 02:22 pm
I think if those divergences on the short term SPX charts don't play out soon, it's going to be ugly on Monday.