If you compare the volume on the daily and intraday (60 min, 15
min, 5 minute), the volume is higher today than yesterday, which
means that this is likely a bounce with a retest of today's low
likely in the next couple of hours/days IMHO.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
SPX 15 min
Posted by matt on 30th of Nov 2010 at 10:27 am
SPX 15 min chart
Support held once again today, just like yesterday. Clearly that is a strong support area
the question is how many
Posted by oops1e on 30th of Nov 2010 at 10:41 am
the question is how many times can you jump on the ice before it breaks?
Support held, but volume is greater
Posted by mstrpln on 30th of Nov 2010 at 10:40 am
If you compare the volume on the daily and intraday (60 min, 15 min, 5 minute), the volume is higher today than yesterday, which means that this is likely a bounce with a retest of today's low likely in the next couple of hours/days IMHO.