S&P 500 Undercuts 1294, but Getting Oversold in the Near Term
March 11, 2011 at 09:43 AM EST
In the early minutes of the day the S&P 500 has slightly undercut the key 1294 level but I would not say it is a sure thing there is a big selloff today. Indeed, I would not be surprised to see a bounce here as quite a few secondary technical indicators are showing oversold readings [...]