Thursday, June 20, 2013

S&P 500 breaks near term support

The S&P 500  was off 40+ points today and is off 100 points from its high that brings it down just under 6% Again like yesterday the market closed near its low for the day. Given we have broken the 1597 level of the S&P 500 we could see some additional selling on the opening tomorrow. Next support level for S&P 500 is 1575.

SDS and TBT working great.

Dan

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