Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
Going to be an interesting close – it appeared on the 2nd break above 1435 on the S&P 500 (last Wednesday being the first) it would be more “sticky” than this but today’s selloff is more intense than one would expect. This takes away a lot of the “cushion” this index had earlier today – a close below 1435 (those November highs this index has been fighting all months against) in the coming days is going to make for a lot of indecision. Keep in mind the gap ups earlier this week have created two gaps to fill.
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