Day Trading – The Bullz And Bearz

Markets Falling Hard On Job Concerns – Support At 925

June 3rd, 2009

No big surprise that the markets are falling hard this afternoon on job concerns. I said it this morning before the market opened about that if people don’t have a job then they cannot possibly spend money or even save money – just won’t happen, period. But, for us traders that are tilted bearish, it’s been a great day thus far. As of now the S&P is down 2% and starting to slowly erase gains from Monday’s big hype. The chart below is shows that we are sitting at some very strong support at 925. If the bullz hold this and rally higher, now would be the time to start. If not, look out below.

 

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