Markets Holding Near Lows And Minor Support...Possible Break To $108.00 On Tap

By on January 29th, 2010 1:58pm Eastern Time
The markets have been all over the place today, from a gap and go to the upside, a sharp rollover and then a nice bounce to the markets which have now dropped, hovering at the minor support at the lows of the day. With this retest comes the solid chance that the markets will move down to the double bottom from yesterday at $108.00. This is a major support level and should be eyed as a bounce play intra day. Keep a close eye on the markets here as a master level may get tested once again.

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