The ouster of GM Chief Executive Officer Rick Wagoner is sending shock waves through the financial world this morning. So here's what we think is going to happen in the markets and in particular the S&P 500.
Here are the levels I see on the downside for the S&P 500:
38.2% retracement = 767.07
50.0% retracement = 747.04
61.8% retracement = 727.00