The steady stream of bad retails sales data coming in this morning have taken the futures lower. At this time the lower channel is supporting the S&P 500 futures.
This channel support is critical. If it holds then we can expect to see a bounce from here. Should it fail then the market will go much lower… sooner than later.
Recent Posts:
- Taxpayers to the Rescue of Afghanistan Banking Crisis?
- Economic Data and Earnings Schedule for September 2 2010
- Christina Romer Makes a Final Recommendation Before Leaving To Teach Keynesian Economics
- Homebuilder Hovnanian (HOV) Reports Dismal Quarter
- Auto Sales Data for August 2010
- Stock Market Rewind – September 1, 2010


