In the bull/bear battle today for the S&P 500 key support level of 1340, the bears have won out in the closing minutes of the session. If the bulls don't get some solid news that would drive prices higher very soon, then it's likely that the stock market will fall even further. With the Fed talking hawkish, stock markets bulls may not have the Central Bank on their side this time.Wednesday, June 11, 2008
Stock Market Bears Break Through Key Support
In the bull/bear battle today for the S&P 500 key support level of 1340, the bears have won out in the closing minutes of the session. If the bulls don't get some solid news that would drive prices higher very soon, then it's likely that the stock market will fall even further. With the Fed talking hawkish, stock markets bulls may not have the Central Bank on their side this time.
