Stock Market Reverses

09/03/2008 12:00 am EST


Thomas Aspray

, Professional Trader & Analyst

The major US stock averages opened sharply higher Tuesday but all closed lower on increasing volume. This is negative with key reversals evident on the candle charts. The S&P futures moved above 1300 briefly then closed at 1276. Key S&P 500 support at 1260 with Dow support at 11,200-300.

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