Looks like the markets will be starting flat this morning. Bulls were able to hold support on the bottom of the bear flag on the SPX. Let’s see if they have it in them to push this market higher with a solid bounce. We are looking at the 50 day moving average right above our heads so the thought of them making it through that is slim. Bears just need a breakdown of yesterday’s lows to take us to 1340 were we have a bigger support level.
{denvideo http://www.youtube.com/watch?v=CaJ9M9-1iyw}
