Thursday, September 12, 2013

Daily Market Commentary: Small Losses

Not surprising to see markets ease lower on light volume. It's a buyers pullback, although there is room for further weakness tomorrow without bursting the bubble.

The S&P has the 50-day MA to lend a hand as support.


While the Nasdaq has support at 3,695 to work with


And the Russell 2000 has the "W" neckline support to lean on.


Watch the aforementioned levels for buying opportunities either Friday or Monday.

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Dr. Declan Fallon is the Senior Market Technician and Community Director for Zignals.com.
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