The market took a dive in early trading yesterday. The DJIA at one point was down more than 460 points and the SP500 was down over 60 points. In the afternoon, the market recovered from the low of the day and made up a good portion of the early losses. Ever since 9/19/2014 turning point, the market has been in a down trend with short bounces which resulted in a very choppy trading environment. The market is due for a dead cat bounce and maybe yesterday's rebound from the huge drop could trigger a dead cat bounce.
In this video, we will take a look at some possible bounce levels for the SPY, QQQ and IWM.
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