If I'm gonna dance and prance, I'd better hold these levels!
The opening crimson is met with a spate of SPY buys. Thus far, a few lots of 500,000 have hit the tape in an initial round of short covering.
Remember , S&P 1015 and NDX 1355 are the first levels of support. Thus far, the drugs, pharma and consumers stand out (green) while the banks, semis, software and homies are takin' it on the chin.
BKX 868 and SOX 460 are two more levels to monitor (trendline support)
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