The markets are seeing some late afternoon selling as Ben Bernanke’s remarks were not ideal for Wall Street. He did not say anything new and the markets continue to hope for more clarity. In addition, there is a classic head and shoulder pattern on the intra day 10 minute SPY and another on the 60 minute. While the 60 minute may not play out until next week, the 10 minute head and shoulder pattern may reach target by the end of today. Technology is the strongest sector today while the banks are the weakest. Take the seven day free trial to the Research Center and Intra Day Stock Chat. Profit with the pros.
