The SP500 is at its 950 resistance (albeit, the 950's top end resistance), and still very overbought
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjpzxlFIKm-8jYB2FX5Bk-NIAwptlCfFuj72Bl7pAhegoKyW9T7Ox_K8Qnka4RcMXfJ03YpCdMnJyJrUk_fpSEjvEomNNLMepOjj-b___TrCXyAJ0uW4g6Hbup0-cwpYmK1HqNxG-ZtMlo/s400/sc-2.png)
But the interesting thing that happened, as the market was coming down from its afternoon spike, the oscillators started coming down (ever so slightly). The action that I see may suggest the SP500 may only consolidate to the low 940 level. Although I would rather see it come down to the 930 level.
The Naz is in a similar boat, but a new higher end support is now fairly clear. Top two horizontal lines.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiecNA2km7Ul_wAOUqEnhBkbLWN2P_D_ocm5mu-ATmoA-5_kSBS5o43Ns1gnGd9RPQGz4f_XVGHFRcG2TPCN0ivv1MLoSRL1byw_8Cok12IvPltOF-bN02J-yYEMAitmlmi4jVATiTC_yA/s400/sc-1.png)
Although I see a short-term pullback, my limit order in GOOG got executed. GOOG is fairly consolidated, and still maintaining its uptrend.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjGZBp6p1toILXMRfzDHDxau2Sxx5gd9EjsrFOLEt6cET8Vzl3DKnm8zpyD3QmuLZY9shwA_9VJkgSf4w9t4TFozVHqLex1Y-GejWvE40OHfa9ysTg_Q8VZRS7jSv79yuRaIz6yPt1Zgyc/s400/sc.png)
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