Quote:
Originally Posted by Saratoga_Mike
Where are the key support levels on the S&P in the opinion of technically oriented posters?
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i was looking for some real support and the only case i can make is the market went up to fast in the last 2 years so there really isn't any good support until it goes substantially lower than 2 years ago.
i am not saying you won't get a dead cat bounce at some point, but that will make for some real good shorting opportunities.
you may want to pick some individual stocks and find the needle in the haystack, but its not worth it at this point in time. you are better off waiting for the bounce and play short at that time.
