“For what it is worth, and for those technical types out there, let it be noted that on yesterday’s low of 1258 on the S&P, that it held right above what chart-watchers consider support at its 200 day moving average of 1257…so if this does hold, then perhaps the market will have found a near-term bottom.”

Click Here to read 6-17-11 Daily market notes from Donald Selkin