Saturday, June 27, 2009

SPX - Should be near the top of a medium-long term

With these levels of compliance should be near the top of a medium-long term.

I do not believe in running to 1,000 + on the spx.
I do not believe that two consecutive weeks will close above 956 in the coming months.

I do not believe that the spx can make a monthly close above 956 in the coming months.

This is a typical bear market rally the market should be very close to the selloff back again.
During the coming weeks I will follow this charts.
Click to zoom in.
Enjoy
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