A couple of weeks ago, I mentioned that I had seen a headline calling for the next great depression. I don’t know if a 10 percent correction is the start of the second leg down or not.
11,900 is the 1/2 way retracement from our Dec Low at 10,932 and our May 2nd high at 12,876.
I think its a buy. There is support down at the 11,555 as well. For today, however, buy it and put a sell stop in 100 points below.
That is all