May This Be The Spark We Needed? Late Day Sell Off Started

May 27th, 2009

In just the last 30 mins or so the markets have sold off considerably. Across the board it looks like a free fall right now. Of course we still have some time before the close, but I think the intermediate highs are in for the rest of the week. I mentioned before that there was major resistance at 910 and as of right now, it seems to be holding strong. Take a look at this chart of the SPX intra-day.

 

spx7

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