Price action held admirably on the weak ADP numbers until the last hour.  Internals are aligned to the downside, although just now I am expecting better support just below at say SPY $115.50, the daily pivot.

Related posts:

  1. 09.07.10 – Taking a Breather
  2. 11.10.09 – Negative Sentiment
  3. 03.02.09 – In Like a Lion
  4. 03.19.10 – Five-Day Broken/ MACD Looks to Cross
  5. 05.05.10 – Minor Dip Recovery