{"id":3185,"date":"2010-06-30T07:27:23","date_gmt":"2010-06-30T12:27:23","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=3185"},"modified":"2010-06-30T07:27:23","modified_gmt":"2010-06-30T12:27:23","slug":"before-the-open-jun-30","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=3185","title":{"rendered":"Before the Open (Jun 30)"},"content":{"rendered":"

Good morning. Happy Wednesday. Today is the last day of the month and quarter.<\/span>
\nThe Asian\/Pacific markets closed mostly down. Europe is mostly up. Futures here in the States point towards a flat open for the cash market. This of course comes off a day where the market got crushed and revisited its low.<\/span>
\nThe bearish version of the SPX says a head-n-shoulder top is forming which measures down to 870ish.<\/span>
\n\"\"
\nThe bullish version says a falling wedge is forming, and that after another 50 points of downside movement, buyers should step in again.<\/span>
\n\"\"
\nI guess you could argue for a neutral version which suggests a summer trading range is here, but this scenario requires the bulls to step up big time and push prices off their lows right now.<\/span>
\nHave a plan and have a contingency plan. What if the market completely melts down? Are you ready? If the S&P drops 100 in just a couple days, do you have a plan to capitalize? What if the neckline of the head-n-shoulder top is penetrated, and then the market reverses and rallies furiously? Are you ready? <\/span>
\nheadlines at Yahoo Finance<\/a><\/span>
\ntoday’s upgrades\/downgrades<\/a><\/span>
\nthis week’s Earnings Reports<\/a><\/span>
\nthis week’s Economic Numbers<\/a><\/span>
\n