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Break Lower On The Horizon For INDU, SPX, COMP?

Published 09/02/2016, 12:06 AM
Updated 07/09/2023, 06:31 AM
NDX
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US500
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DJI
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IXIC
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OEX
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Friday morning provides us the monthly jobs report, and of course there is no telling what it’ll say or, more importantly, how the market will react (or, even MORE importantly, how the market will react by the end of the day………..since these days early morning activity appears to have almost no sway over where things finally wind up).

If I may indulge in the absurd fantasy that we’ll actually get a break lower in the market, I wanted to provide some key support levels which, if breached, which signify that the endless nightmare for the ursine set may well be at an end. Here are the indexes in question:

INDU Chart:

INDU Chart

NDX Chart:

NDX Chart

OEX Chart:

OEX Chart

SPX Chart:

SPX Chart

COMP Chart:

COMP Chart

Good luck, and I’ll see you on the beach.

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