A flat opening and a downtrend for the rest of the day ending at the 880 support level. Volume was below average.
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Price completed the Head & Shoulders pattern and it is hanging at a major support level at 880. The H&S price target for the S&P 500 is around 824 which in turn is as [...]

Market opened with a gap lower and a classic close-the-gap move to the previous session’s low that was quickly followed by a steep sell-off that printed 886.36 is the S&P 500. From there the market managed a slow upward trend to end barely in the green. Volume was below average.
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A very volatile session with all [...]

Large gap lower, a broad-based sell-off on the unemployment rate data and more camping on the last day before the holiday. Volume was dismal.

S&P 500 Index 5min Chart

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S&P 500 SPDRs 5min Chart

Unemployment Rate reaches 9.5 percent, the highest in nearly 26 years. A Head & Shoulders pattern is almost complete and thus a complete meltdown [...]