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S&P 500
5,618.26
(
-0.29%
)
US TECH 100
18,927.60
(
-0.06%
)
Dow Jones
41,503.10
(
-0.25%
)
Brent Oil
73.06
(
0.93%
)
Bitcoin
62,127.72
(
0.74%
)
Post# of 47295
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trader guy

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trader guy

Re: Nebuchadnezzar post# 44797

Monday, 08/24/2015 6:59:08 PM

Monday, August 24, 2015 6:59:08 PM

Post# of 47295
I'm thinking the rest of this week will be testing support in the 1875 area on the S&P. Maybe even run up from there and close a few gaps and test the area of breakdown in the weeks after. That's my most optimistic guess.

Pessimistically (realistically?) I'd guess that it'll gap down past support at 1875 and fall to about 1700 just cuz it can.

Long term this little drop looks pretty insignificant and could mean it's just getting started.
http://stockcharts.com/freecharts/historical/marketindexes.html

Trading/investing without chart analysis is like bringing a knife to a gunfight.

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