Today's Markets

First, remember that I originally thought the 90 line of support was the most important for the SPYs. Additionally, I thought the support established at 84 was too weak for the current market. Well:



Today we see the market holding at a bit above 84, making that level really important right now.



On the 10 day chart, notice that we had really heavy selling right at the end of trading today. Also note how important the level right above 86 is right now.

On the daily chart, remember we still have an incredibly bearish chart -- all the SMAs are moving lower, the shorter SMAs are below the longer SMAs and prices are below all the SMAs