S&P 500 – 10-22-2007
October 22, 2007 at 6:51 pm · Filed Under Broader Market
The market opened lower, as expected, but found some support and bounced back later in the day. It didn’t bounce back strong enough to make a dent in the current slide though, and more and more overhead supply (highlighted above) is building up with each failed break out. I’m fairly bearish now, but one can always hope that the 1480 level will prove to be some solid support.
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