Wednesday, May 13, 2009

SPX



The SPX is testing the 888/889 number or 720 degrees up from the low of 666. This would be a natural pause point to observe. My feeling is if we accelerate from 888 down the correction would be confirmed and downside bias would dominate and 830 or 540 degrees would be target. The 10 min chart of spx show the market trying to hold. Hit em Hard!
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