
The SOX made a picture perfect reversal off resistance

Volume was lighter than Wednesday but this will be cold comfort for bulls. The SOX has 50-day MA to lean on tomorrow - as does the Nasdaq 100. But large caps don't have that luxury. For them November lows look to be the target.
Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, market alerts and stock charts website