Above average volume sell-off on the S&P500 (all around actually). Looks like some nervous nellies couldn't stand it anymore and just decided to initiate some short selling. The VPCI indicator is looking for some confirmation from a MACD crossover before things start to get really messy. Are we looking to test the 1487 range? Think it will hold up?
Monday, June 25, 2007
What a Mess
Above average volume sell-off on the S&P500 (all around actually). Looks like some nervous nellies couldn't stand it anymore and just decided to initiate some short selling. The VPCI indicator is looking for some confirmation from a MACD crossover before things start to get really messy. Are we looking to test the 1487 range? Think it will hold up?
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