Sunday, November 4, 2012
Friday November 2, 2012
Fair employment report helped move the S & P 500 up above 1430, but was not able to hold and market moved down and closed near the lows at 1414. Market unable to penetrate and hold above 1430 signaling increasing weakness. Huge congestion zone from 1400-1413 if market moves and closes below 1400, further downside expected.