SPX Breaks Low of the High Day Following Lower Euro on Italian Bond Drop...

Dave is flying home this evening after teaching a two-day Advanced Technicals Workshop in Dallas, Texas to approximately 200 traders.


The SPX fell -46.82 to close at 1,229.10 as the Euro fell 292 pips to 1.3541, its lowest close since October 6 as Italian bonds dropped on renewed European debt fears. 

Ninety-nine of the NDX 100 stocks closed lower on Wednesday.  Many stocks broke the low of the high day of the five-day short-term  rally, creating an exit signal for many short-term trades.