Wednesday, May 9, 2012

Wednesday opening gap down. 5/9/12

Another big drop in the S&P500 this morning. If we close below $1357 today, I’m calling the next support level to watch is $1336.That’s another 1.5% drop.

sp-15min

Warning!! The chart below is the International Fund. We have a negative downside crossover and that is your last warning to bail. Things could get even worse for this index in the weeks to follow.

efaWeekly

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