Monday, June 22, 2009

SPX - Update Daily and Hourly

Spx close below 935 = 893.04(-28.19)
Something new today near of target very short term.
Below 908 I expect [880,893] very short term.
Below 935 I expect [790,820] medium term.
Remember two possibles scenarios:
Dont`t break range [880,893] and we have a pullback again between [935-921].
Break range [880,893] and we will see soon 850.

If spx close hourly above 908 I have to reduce some short.
Tomorrow resistance Hourly [908,904]. Macd with new sell signal.