A bounce tomorrow "seems" like it should happen, but I'm thinking that SPX sees 1112 / 1108 before 1136. But of course, Mr. Market might decide to bypass all that, and shoot upward in a rally tomorrow from 1116 (last SPX).
Last SPX was 1116. There is also Horizontal resistance at 1132 that would need to be hurdled in order to get the 1134/36 ... a stall would be expected at 1132, and a possible halt there and turn back down.
60 min spx suggests sideways consolodation at least, with that possible 1112/08 ... unless there is a gap up in morn.
Dow "ballpark" target down is 10,200..... I'm in DXD from 10,700ish
* ChristopherStockGuy is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. For details, see the post from SATURDAY, AUGUST 15, 2009 titled "Disclaimer".
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