Wednesday, June 30, 2010

Market Sells Off Again

We saw new lows in the last 15 minutes of trading today and continue to sell into the post market session. The market flirted upwards for much of the day but couldn't see any sustained buying. The ES remained propped up in the 1034 to 1040 range for much of the afternoon, but the selling eventually came on late. We got a nice bounce (5+ Points) off the 1024 support that I mentioned in earlier posts. Market still weak. 1010-1012 is the next downside target on the ES.

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