Wednesday, July 27, 2011

When Willing Seller Meets NO Buyers: Whoosh (SPY; NDX; AAPL)

Rather than the SPY this is actually the E-mini future chart, you get the point.
Volume surge:

Source: ZeroHedge

The S&P is down 1.4% at 1313, the Nasdaq 100 is down 2% with Apple and Google each off over ten bucks. $57 and change is the Maginot Line for the QQQ.
Wait, the Maginot didn't provide any resistance whatsoever...