30 Minute Charts

The charts below have

a 5 day moving average- orange
VWAP since 75 bp rate cut- purple horizontal
key support- green
key resistance- red

The financials appear to be flirting with a more serious break down below support which could lead to a test of the lows in that sector. If such a break were to come it would likely lead the rest of the market. As I pointed out with resistance on the Qs yesterday, it is not the break of a key level that matters most, but the subsequent action. Risk management is job #1!

click to enlarge