Last Week's Lows

Yesterday the bears piled on through the newly recaptured August lows and then some. The test of last weeks lows for the DJI (12112), SP500 futures (1311.5), and NQ 100 (1761.5) is the next hurdle down. Early recovery this morning has nothing to do with stocks like Disney (DIS) but simply a resting bounce while markets prepare for the daily session. If the bulls can hold the area around the last week's lows there will be significant end week buying.