Market Leaders Bounce Off Key Levels

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This morning we saw some pretty heavy selling pressure for the third consecutive day. We then saw some of the leaders bounce from very important prices.

GS did not breach the 166 breakout price and is now trading at 168.90.

AAPL did not trade below 204 and is now trading at 206.50. If AAPL can hold above 207 it has at least two more points of upside to the key 209 level.

FCX is currently trading two points off the low and if it holds above 85.50 could run to 87

A big part of gauging the health of this market going forward will be whether GS and AAPL can stay above the low prints from today.

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