Last week’s index decline still has price holding above the key .786 support levels in bold on the daily cash and futures charts. We’re entering timing support as well with a focus on the S&P today through Wednesday, Dow focus Tuesday through Thursday. It would be unrealistic to try to pin these down more precisely and I think the price support levels are more important at this point. Still, if the decline continues we’ll focus on 45 minute low timing too as a way to potentially pinpoint the maximum effect of the daily timing lows too.
S&P Cash Daily, 1010-1011 Key Support:
Dow Cash Daily, 9395 Key Daily Support:
Nasdaq Cash Daily, 1617 – 1621 Key Daily Support:
Russell Cash Daily, 567 Key Daily Support:
Mark Braun – Market Geometry