Click on any chart to engorge it

Click on any chart to engorge it

Friday Flash Crash Follies

The flash crash intraday low on the S&P 500 was 1,065.79.  Notice how many times the index has bounced at this level.  What we really find interesting is how near that number the market closed on a Friday:  June 4:  1,064.88;  July 16:  1,064.88;  Today:  1,064.79.  One of these Mondays - Round 2?