Replies to post #11513 on Market Sense and Sentiment (MKTSS)

[bbgold]

Might be another Bounce here, maybe
I thought my screen was locked up as it seemed like a Long time the S&P sat at 855.01. I don't like the TNX moving below it's SMAs this morning but it has not violated it's 100/320SMA yet. The MACD crossunders on the INDU and SPX look a bit ominous but I would Think that the Markets might still be testing the Support, maybe. This could be the start of another leg down though if we do not regain 8050 and 855 as Support. I think that NDX at 1000 might just be the most critical though. I am not going to try and Guess the Support but will rather just watch to see if we can move back Above the SMAs and Hold Support. That might just give us a higher bounce, maybe.
Good Luck Steve! :^)

Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!