thursday market, page-76

well - my system obviously broke down overnight. the fed decision was sold per expectation and once support broken, panic set in. where to now. i no idea. my system suggested that we should have seen a bounce from the pre-open low. instead it kept falling. my system indicates the next two days should be solid ups but but....

i mentioned that based on the weekly for the spx, there was support at around 1290. that has been taken out....i guess it either tries to regain that level or the spx continues back down to next support - one at about 1270 and another 1250 - which isn't my favoured position but when panic sets in (either panic up or down), you just got drop systems and just watch the market.