It is Sep 15 today, and it will be another important day to mark on the “The Stock Traders Almanac”. 2 investment giants, Lehman brothers and Merrill Lynch, will disappear from the financial world. Lehman files for bankruptcy and Merrill Lynch is sold to Bank of America.
Lehman Bankrupt Merrill Lynch Sold
The announcement was released today and that has lead to the massive plunging across the almost all stock markets in the world.
Let’s look at the critical support of US markets indices now!
As I am looking the US stock indices now, all the indices are trading very near to the support level, I will keep this post very short and you just need to monitor closely and keep in mind the key support levels.
Seeing a rebound on the support will means a technical rebound may be in the formation while breaking the support will the stock market diving down further.
Dow Jones Support Near 11,000
Dow Jones Stock Market Trends
S&P500 Support Near 1,224
S&P500 Stock Market Trends
Nasdaq Support Near 2,200
Nasdaq Stock Market Trends
DISCLAIMER: This information is used for learning purposes only. It does not constitute an offer or solicitation to buy or sell. You should do your own analysis on top of my postings.
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