Monday, November 17, 2008

Important pivots

If these support levels give way tomorrow, be prepared at least for hardcore downside testing of Oct. 10 lows (again)

If these long term lows are broken decisively, then I suspect more bad days for the market ahead!

SPY: 85.16, (83.63 major support)
QQQQ: 28.26 (27.95)
IWM: 44.81 (44.49)

If all these predictions of massive rallies I am reading about are about to come true, these levels need to hold! Otherwise, any rally will be toast!


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