18 February: S&P 500 crashes below 800, what next?
February 18, 2009 by Sam
Today’s Video Update sees Trader Rick talk about the mini S&P 500, providing analysis on market structure, support & resistance, and where we might be headed next. After threatening to breach that big 800 support level for so long, we finally opened below it yesterday – briefly rallying to test it from below as resistance.
The big question now is what happens next? Rick gives you a few trading ideas and patterns that may be in play to help determine where this market is going. If this market is weak and we are to continue lower, then the 800 area should hold up as resistance.
Watch it now.
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