High volume down days are not good. But as a caveat, movement around a Fed meeting is usually nonsensical. One the plus side, the breadth of my mechanically generated top 100 list was positive today on good volume.
The QQQQ bounced off the 50% line at 48 as discussed last night.
The SPX still has support on the 2:1 down angle.
Chart courtesy of Stockcharts.com
Post Modified: July 3rd, 2008 at 12:23 am
Tags: QQQQ · Standard and Poor's 500 (S&P500) · VolumeNo Comments
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