S&P 500 broke as expected below 2,610 and is now testing first target and support around 2,350
S&P 500 broke as expected below support around 2,610-15, which was followed by a sharp decline towards first target and support around 2,350. Since the 2,350 area represents the uptrend from February 2009, buyers may show up around this level. Stay short, though don't establish new short positions at current levels. Sell around 2,500 or in case of a close below 2,320. Target 2,030.