DIA
SPY
QQQ
IWM
Thursday, March 24, 2011
Bouncing off our levels
Here are some updated charts for the major indices. They show that we successfully bounced off our first Fibonacci line of support following the "Japan" selloff! QQQQ is definitely the laggard here. It is well below the 50 day MA. SPY will have to hit against it today. Something to keep in mind!
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